akumaburn
Sr. Member
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The Gold Standard of Digital Currency.
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December 05, 2013, 02:48:07 AM |
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So long as you stop being biased against GLD for no good reason. There was no instamine, it was set out to have superblocks at the start to make it fairer for day 1 miners as other coins had linear growth but ignored the fact that their difficulties were not growing linearly.
I know plenty of people who had nothing to do with the original team that got some of those coins.
Where the hell did you even get the 3.2% number from. Seriously it's about as erroneous as you could get.
And how exactly is it determined who gets into what category?
Will you be making the unilateral decisions here?
How much of MicroGuy's koolaid did you drink to actually think super blocks are fair? None.. but while we're on the subject, How many shitcoins did you make before you thought yourself an expert on anything? I will say this again, Other coins that did not have superblocks at the start had an unfair start. This becomes apparent when you think of the initial difficulty of the coins. As when the difficulty was really low it was easy to gather tons of coins but as more and more people started mining the difficulty went up and lowered the amount of coins/per hour/per person to a level that makes their initial distribution completely unfair. Unlike in GLD where we had superblocks for ~2 months straight. There was plenty of time to "get in". Take a look at Feathercoin's first 96 hours: http://cryptometer.org/feathercoin_96_hour_charts.htmlIn the first 12 hours the difficulty the difficulty grew 10,000 fold... And there were 2.461M feathercoins produced. But only 741K of those were produced at a difficulty where the distribution of the coins was fair for early adopters.(In otherwords only 741 thousand of those coins didn't favor those with large mining farms, every other coin produced had a minute share going to the little guy) So one could say that ~30% of the initially mined feathercoins were distributed evenly amongst the people. The other 70% went straight into the pockets of those with big mining rigs/farms. Compare that to Goldcoin http://cryptometer.org/goldcoin_96_hour_charts.htmlIn the first 12 hours the difficulty remained constant, And there were 3.138M GoldCoins produced. Thus 100% of the initially mined GoldCoins were available to mine fairly, even if you want to make the argument that the "newbie" section release was unfair that still only accounts for 36% of the coins. At least 64%(probably more) of the initially minted GoldCoins were distributed evenly to both big and small miners alike.
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artos
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http://stablecoin.net
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December 06, 2013, 02:19:57 AM Last edit: December 06, 2013, 12:54:26 PM by artos |
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Thank you for removing the premine from StableCoin, xorxor. However, we're still listed as having 0 starting difficulty, as if it were a bad thing. StableCoin used an aggressive reward scaling system to ensure early miner were not able to get a ton of coins. You can independently verify this here, refer to the minted currency and total supply graphs: http://cryptometer.org/stablecoin_90_day_charts.html As for this whole debate going on right now... Superblocks worth 10,000 coins at minimum difficulty are in no way fair. Trying to pass them off as such is incredibly disingenuous. If you want to see what fair coin distribution looks like, please look at the graphs of StableCoin. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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cntrlsquare
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December 06, 2013, 03:17:40 AM |
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So long as you stop being biased against GLD for no good reason. There was no instamine, it was set out to have superblocks at the start to make it fairer for day 1 miners as other coins had linear growth but ignored the fact that their difficulties were not growing linearly.
I know plenty of people who had nothing to do with the original team that got some of those coins.
Where the hell did you even get the 3.2% number from. Seriously it's about as erroneous as you could get.
And how exactly is it determined who gets into what category?
Will you be making the unilateral decisions here?
How much of MicroGuy's koolaid did you drink to actually think super blocks are fair? None.. but while we're on the subject, How many shitcoins did you make before you thought yourself an expert on anything? I will say this again, Other coins that did not have superblocks at the start had an unfair start. This becomes apparent when you think of the initial difficulty of the coins. As when the difficulty was really low it was easy to gather tons of coins but as more and more people started mining the difficulty went up and lowered the amount of coins/per hour/per person to a level that makes their initial distribution completely unfair. Unlike in GLD where we had superblocks for ~2 months straight. There was plenty of time to "get in". Take a look at Feathercoin's first 96 hours: http://cryptometer.org/feathercoin_96_hour_charts.htmlIn the first 12 hours the difficulty the difficulty grew 10,000 fold... And there were 2.461M feathercoins produced. But only 741K of those were produced at a difficulty where the distribution of the coins was fair for early adopters.(In otherwords only 741 thousand of those coins didn't favor those with large mining farms, every other coin produced had a minute share going to the little guy) So one could say that ~30% of the initially mined feathercoins were distributed evenly amongst the people. The other 70% went straight into the pockets of those with big mining rigs/farms. Compare that to Goldcoin http://cryptometer.org/goldcoin_96_hour_charts.htmlIn the first 12 hours the difficulty remained constant, And there were 3.138M GoldCoins produced. Thus 100% of the initially mined GoldCoins were available to mine fairly, even if you want to make the argument that the "newbie" section release was unfair that still only accounts for 36% of the coins. At least 64%(probably more) of the initially minted GoldCoins were distributed evenly to both big and small miners alike. Ok, this - what we need is an alt-coin that rewards new miners in a fair manner. Instead of incentives driven by mining power or first mover advantage, we need an alt-coin that incentivizes new people to also participate - thereby driving greater adoption. Maybe each block is "mined" when a sufficient quantity of new people use the client, payed evenly across all participants.
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salsacz
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December 06, 2013, 12:54:59 PM |
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I wonder why NXT is missing in the list
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eagleEye
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December 06, 2013, 02:05:08 PM Last edit: December 06, 2013, 03:20:51 PM by eagleEye |
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Delete the pre-mine on StableCoin, all the pre-mined coins on Stablecoin were destroyed when the coin was revived.
I assume there is a proof for that, is there ? DESTRUCTION OF THE PREMINE As some of you may remember, as part of the old mixing service, there were 1.2 million coins premined to act as the basis of the mixing pool. Of course, this caused much anger within the community, with accusations that the money would be used improperly, among other things. 5 months later, these funds have yet to be touched, so I'm happy to have proved those people wrong on those front. However, under the new mixing system, these coins are no longer necessary. Accordingly, these coins will be publicly destroyed, as they were never intended to be used for anything other than mixing. In this case, the 1.2 million coins were created in the genesis block. You might notice this is different than most coins that do their premine in block 1 and onward. This is because there is a well documented quirk within bitcoin that makes the genesis block unspendable. This is because when Satoshi designed the client, he decided not to add the coinbase transaction from the genesis block to the global transaction database. To make these funds spendable, I added a simple bit of code during the initialization of the client (init.cpp). This code adds the genesis transaction to the global transaction database, making it spendable. Code: // Genesis block const char* pszTimestamp = "June 7 2013, The Times, Prince Philip admitted to hospital for two weeks"; CTransaction txNew; txNew.vin.resize(1); txNew.vout.resize(1); txNew.vin[0].scriptSig = CScript() << 486604799 << CBigNum(4) << vector<unsigned char>((const unsigned char*)pszTimestamp, (const unsigned char*)pszTimestamp + strlen(pszTimestamp)); txNew.vout[0].nValue = 1250000 * COIN; txNew.vout[0].scriptPubKey = CScript() << ParseHex("0449D77B9B62E0DB1FD6150ECFC5722F31FEE52E585DE31B5AEFAD2CAC415D5698991F8F0B0CBBA7B9F4431BBE79B684876EDFBD369554ACC4182753FA48A3CD80") << OP_CHECKSIG; CBlock block; block.vtx.push_back(txNew); block.hashPrevBlock = 0; block.hashMerkleRoot = block.BuildMerkleTree(); block.nVersion = 1; block.nTime = 1370579804; block.nBits = 0x1e0fffff; block.nNonce = 2788; uint256 genesisHash("0x0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221"); uint256 hash = txNew.GetHash();
{ LOCK(mempool.cs); mempool.addUnchecked(hash,txNew); } { CTxDB txdb; txdb.TxnBegin(); CBlockIndex* pindex = mapBlockIndex.find(genesisHash)->second; unsigned int nTxPos = pindex->nBlockPos + ::GetSerializeSize(CBlock(), SER_DISK, CLIENT_VERSION) - 1 + GetSizeOfCompactSize(block.vtx.size()); CDiskTxPos posThisTx(pindex->nFile, pindex->nBlockPos, nTxPos); txdb.UpdateTxIndex(txNew.GetHash(), CTxIndex(posThisTx, txNew.vout.size())); txdb.TxnCommit(); }
By removing this code, the genesis block becomes unspendable, and the coins are essentially destroyed. This is the most eloquent way to accomplish the goal. Version 1.3 of StableCoin has this bit of code removed. I urge everyone to update immediately. You can view the relevant commit here: https://github.com/stablecoin/stablecoin/commit/1912b4c1e9fb195c242e57459c613cb8c7846c8bLOL Genesis Block have already been generated, so the deletion of this code does not imply the deletion of the genesis block generated. Deletion would be effective if new block chain were generated, what obviously is not the case The prove is that block 0 hash 0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221 is the current genesis block accordiing wallet: ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fs14.postimg.org%2F6ax4w1ltt%2Fstable_scam2.png&t=665&c=cxEi1qom-MG_jw) Genesis block date is obviously 7 jun 2013 $ date -d @1370579804 jun 7 04:36:44 2013
Obviously block explorer is down for hiding premined 1,2 Million, but thanks to artos comments it is easy to realize that premine is ongoing, as shown by http://cryptometer.org/stablecoin_90_day_charts.htmland raw blocks log file http://cryptometer.org/stablecoin_90_day_blocks.txtheight, hash, diff, time, time-text, time-delta, mint 0, 0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221, 0.00024414, 1370579804, 2013-06-07 04:36:44, 0, 1250000 1, 4aa3098e85b00b6e843c01ddb5dcc85a1dd2eada1d2bcb48beadba38a95471f6, 0.00024414, 1370620922, 2013-06-07 16:02:02, 41118, 0 ... Note as hash, date and all data of genesis block are the same as shown by current version of walllet. So, it seems a clear scam. Author claims to have destroyed the 1,2 Millon premined coins but lies conscienciously because genesis block was already generated and the unique option is to regenerate a new blockchain without premined block genesis. Wel, the prove is here. UPDATE 1Well, I have debugged current version 1.3 of stableCoin wallet and, soundly, you can see the 1.25 millons coins premined in the print info of block genesis creation: 12/06/13 15:14:39 StableCoin version v1.3.0.0-g3aaa7ba-beta ($Format:%cD) 12/06/13 15:14:39 Startup time: 12/06/13 15:14:39 12/06/13 15:14:39 Default data directory C:\Users\eagleEye\AppData\Roaming\StableCoin 12/06/13 15:14:39 Used data directory C:\Users\eagleEye\AppData\Roaming\StableCoin 12/06/13 15:14:39 Bound to [::]:17500 12/06/13 15:14:39 Bound to 0.0.0.0:17500 12/06/13 15:14:39 Loading block index... 12/06/13 15:14:39 dbenv.open LogDir=C:\Users\eagleEye\AppData\Roaming\StableCoin\database ErrorFile=C:\Users\eagleEye\AppData\Roaming\StableCoin\db.log 12/06/13 15:14:39 0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221 12/06/13 15:14:39 0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221 12/06/13 15:14:39 22fafe4f684eed751b2ffea656b0ca28a0ad34c6b584872a96350e09f681f49a 12/06/13 15:14:39 CBlock(hash=0a59605118489aa9cde5, PoW=000003cea8ce31c19c25, ver=1, hashPrevBlock=00000000000000000000, hashMerkleRoot=22fafe4f68, nTime=1370579804, nBits=1e0fffff, nNonce=2788, vtx=1) 12/06/13 15:14:39 CTransaction(hash=22fafe4f68, ver=1, vin.size=1, vout.size=1, nLockTime=0) CTxIn(COutPoint(0000000000, -1), coinbase 04ffff001d0104484a756e65203720323031332c205468652054696d65732c205072696e6365205 068696c69702061646d697474656420746f20686f73706974616c20666f722074776f207765656b 73) CTxOut(nValue=1250000.00000000, scriptPubKey=0449d77b9b62e0db1fd6150ecfc572) vMerkleTree: 22fafe4f68 12/06/13 15:14:39 SetBestChain: new best=0a59605118489aa9cde5 height=0 work=1048577 date=06/07/13 04:36:44 12/06/13 15:14:39 block index 50ms 12/06/13 15:14:39 Loading wallet... 12/06/13 15:14:39 nFileVersion = 1030000 12/06/13 15:14:39 wallet 108ms 12/06/13 15:14:39 Loading addresses...
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Hazard
Legendary
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December 06, 2013, 03:05:44 PM |
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Hey, idiot. If you bothered to read the post you would know that THE GENESIS BLOCK IS UNSPENDABLE. It's a bug/oversight within bitcoin that has existed since the very first version of it. The bit of code that was added allowed it to be spent. With it removed, it's back to being unspendable. https://en.bitcoin.it/wiki/Genesis_blockYes, reading is hard, I know.
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eagleEye
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December 06, 2013, 03:39:38 PM |
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Hey, idiot. If you bothered to read the post you would know that THE GENESIS BLOCK IS UNSPENDABLE. It's a bug/oversight within bitcoin that has existed since the very first version of it. The bit of code that was added allowed it to be spent. With it removed, it's back to being unspendable. https://en.bitcoin.it/wiki/Genesis_blockYes, reading is hard, I know. LOL it is unspeandable if the current binary shipped is built from the source in github ... but could not be, and if artos does not provide another update which allows the spending of block genesis coinbase transaction ... because people we are so stupid ... So, Why he said 1.25 million was destroyed if it is still into genesis block? Why are you so interested in it ? It smells to SC... debug.log 12/06/13 15:14:39 StableCoin version v1.3.0.0-g3aaa7ba-beta ($Format:%cD) 12/06/13 15:14:39 Startup time: 12/06/13 15:14:39 12/06/13 15:14:39 Default data directory C:\Users\eagleEye\AppData\Roaming\StableCoin 12/06/13 15:14:39 Used data directory C:\Users\eagleEye\AppData\Roaming\StableCoin 12/06/13 15:14:39 Bound to [::]:17500 12/06/13 15:14:39 Bound to 0.0.0.0:17500 12/06/13 15:14:39 Loading block index... 12/06/13 15:14:39 dbenv.open LogDir=C:\Users\eagleEye\AppData\Roaming\StableCoin\database ErrorFile=C:\Users\eagleEye\AppData\Roaming\StableCoin\db.log 12/06/13 15:14:39 0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221 12/06/13 15:14:39 0a59605118489aa9cde58e64210d3d56e246758fbabcd1482e54bf4032545221 12/06/13 15:14:39 22fafe4f684eed751b2ffea656b0ca28a0ad34c6b584872a96350e09f681f49a 12/06/13 15:14:39 CBlock(hash=0a59605118489aa9cde5, PoW=000003cea8ce31c19c25, ver=1, hashPrevBlock=00000000000000000000, hashMerkleRoot=22fafe4f68, nTime=1370579804, nBits=1e0fffff, nNonce=2788, vtx=1) 12/06/13 15:14:39 CTransaction(hash=22fafe4f68, ver=1, vin.size=1, vout.size=1, nLockTime=0) CTxIn(COutPoint(0000000000, -1), coinbase 04ffff001d0104484a756e65203720323031332c205468652054696d65732c205072696e6365205 068696c69702061646d697474656420746f20686f73706974616c20666f722074776f207765656b 73) CTxOut(nValue=1250000.00000000, scriptPubKey=0449d77b9b62e0db1fd6150ecfc572) vMerkleTree: 22fafe4f68 12/06/13 15:14:39 SetBestChain: new best=0a59605118489aa9cde5 height=0 work=1048577 date=06/07/13 04:36:44 12/06/13 15:14:39 block index 50ms 12/06/13 15:14:39 Loading wallet... 12/06/13 15:14:39 nFileVersion = 1030000 12/06/13 15:14:39 wallet 108ms 12/06/13 15:14:39 Loading addresses... It is obvious 1.250 Millions of premined coins are still on blockchain ...
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Hazard
Legendary
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Activity: 980
Merit: 1000
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December 06, 2013, 03:42:26 PM |
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LOL it is unspeandable if the current binary shipped is built from the source in github ... but could not be.
False. The people finding the blocks (aka pools) are running software created from the git. No blocks involving the genesis transaction could ever make it into the block chain because of this. But it's clear you do not have any knowledge of the bitcoin protocol, nor show any desire to learn, so the effort is wasted on you.
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eagleEye
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 06, 2013, 03:50:26 PM |
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LOL it is unspeandable if the current binary shipped is built from the source in github ... but could not be.
False. The people finding the blocks (aka pools) are running software created from the git. No blocks involving the genesis transaction could ever make it into the block chain because of this. But it's clear you do not have any knowledge of the bitcoin protocol, nor show any desire to learn, so the effort is wasted on you. Lol this is his pain. But artos could fork the chain by means of an updade for making the coinbase tx spendable ... LOL. Great plan !! ... but it has been caught ! !
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Hazard
Legendary
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Activity: 980
Merit: 1000
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December 06, 2013, 04:04:33 PM |
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LOL it is unspeandable if the current binary shipped is built from the source in github ... but could not be.
False. The people finding the blocks (aka pools) are running software created from the git. No blocks involving the genesis transaction could ever make it into the block chain because of this. But it's clear you do not have any knowledge of the bitcoin protocol, nor show any desire to learn, so the effort is wasted on you. Lol this is his pain. But artos could fork the chain by means of an updade for making the coinbase tx spendable ... LOL. Great plan !! ... but it has been caught ! ! Any chain could be hardforked to poof a large amount of coins into existence. What is your point?
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lmue
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December 06, 2013, 04:12:21 PM |
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Please add Gridcoin, GRC.
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eagleEye
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 06, 2013, 04:15:23 PM |
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LOL it is unspeandable if the current binary shipped is built from the source in github ... but could not be.
False. The people finding the blocks (aka pools) are running software created from the git. No blocks involving the genesis transaction could ever make it into the block chain because of this. But it's clear you do not have any knowledge of the bitcoin protocol, nor show any desire to learn, so the effort is wasted on you. Lol this is his pain. But artos could fork the chain by means of an updade for making the coinbase tx spendable ... LOL. Great plan !! ... but it has been caught ! ! Any chain could be hardforked to poof a large amount of coins into existence. What is your point? Are you retarded? who are going to avoid artos, who claimed 1.25 millions were "destroyed", do a hardfork for spending the 1.250 Millons premined into blockchain block genesis? Really think people are stupid? You are a scammer or really retarded ... Btw, block genesis is still 1.250 millions ... LOL, liar artos claiming it was "destroyed" by deleting the lines of b.genesis ... LOL
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maxsolnc
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December 06, 2013, 04:37:23 PM |
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DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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bcfanminer
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December 06, 2013, 04:52:18 PM |
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GLB: 17Uv5AhHSEspdfAGhii2RGzTNmVaCmr5qT BET: BMdQUQh1zVqPiHeQCYfGbKX1j8PVEThoVy
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alphaomegacoin
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December 06, 2013, 04:55:14 PM Last edit: December 08, 2013, 06:53:31 AM by alphaomegacoin |
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I just started a new crypto currency out of Missouri I have not really officially released it yet but forum and website is up on most search engines getting it updated on more. The coin is called AlphaOmegaCoin AOC I'm running a promotion from Dec 14/13-Jan/14/14 giving away 50,000 AOC for every new member that signs up on the forum and all current members to that point. I know it's a long shot but I plan on slowly growing the coin and doing my best to get it done correctly, and getting official advertising up on the coin over the next month or two. I'm looking for anyone that would be interested in giving me ideas how to get the coin moving in the right direction any help would be greatly appreciated.
Here is a breakdown of promotion. First 500 new members.
Promotion break down will be 50,000 coins to every new member and all current members between Dec/14/13-Jan/14/2014.
All Prizes are on top of the 50,000 coins you will already receive as being a member. There will be one random 1,000,000 coin prize every week for four weeks. There will be one random 500,000 coin prize every week for four weeks. There will be one random 250,000 coin prize every week for four weeks. There will be one random 100,000 coin prize every week for four weeks. There will be one random 75,000 coin Prize every week for four weeks.
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pand70
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December 06, 2013, 06:18:16 PM |
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I just started a new crypto currency out of Missouri I have not really officially released it yet but forum and website is up on most search engines getting it updated on more. The coin is called AlphaOmegaCoin
Good luck with your coin. It looks like it will be appreciated among fraternities ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Or maybe you should add a third greek letter ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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r3wt
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December 06, 2013, 09:20:26 PM |
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Looks like he update the list on the 4th, but didn't add any new coins. i think the list has become to complicated for him to handle
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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xorxor (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 07, 2013, 01:08:07 AM |
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Looks like he update the list on the 4th, but didn't add any new coins. i think the list has become to complicated for him to handle
Don't panic, recent boom in alt's changed everything and my update was no longer valid. I need to wait few days for pump&dumps to finish and reveal true new stars.
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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r3wt
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 07, 2013, 01:16:55 AM |
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Looks like he update the list on the 4th, but didn't add any new coins. i think the list has become to complicated for him to handle
Don't panic, recent boom in alt's changed everything and my update was no longer valid. I need to wait few days for pump&dumps to finish and reveal true new stars. well when evaluating osc, i would appreciate it if you took an in depth look at the coin and what services are already in place. thank you. some key points: online wallet http://coinbit.pwnetwork statistics, hash graphs, and directory of related sites. http://oscoin.org
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My negative trust rating is reflective of a personal vendetta by someone on default trust.
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Sukrim
Legendary
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Activity: 2618
Merit: 1007
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December 07, 2013, 01:27:00 AM |
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Ripples XRP- , no mining - all coins available at start 80% foundation, and 20% develeopers. centralized, not opensource. not designed to be a currency, but an IOU exchange. Very innovative and usefull, but "not an altcoin" This is partially wrong, partially unclear. XRP actually are a currency, they are available from the start, there is no mining, both client and server are open source (and not centralized, otherwise all this would be much simpler), coins will be distributed as follows: 55% of all coins are handed out in giveaways, 20% belong ot the founders (not necessarily developers), 35% belong to Ripple Labs (formerly Open Coin) to do with them as they please. XRP act as market making currency and anti-spam mechanism mainly, they are an unbacked asset, similar to most other coins around here. What might be interesting is that they actually get destroyed in transactions as fees, not redistributed to anyone taking part in any verification process (unlike e.g. bitcoin transaction fees which go to miners). Ripple itself is a distributed exchange, XRP (aka. "ripples") are the only native asset traded there. You seem to not give a definition of "altcoin", so in some ways it might be the case that XRPs don't qualify for this. Please at least fix the "not opensource" part though, source code for any part to fork or build upon Ripple (with probably more commits in a week than most coins around here see in their lifetime) can be found at https://github.com/ripple (Server: rippled, JavaScript reference client: ripple-client)
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