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Author Topic: [ANN][STEEM][POW] - NO IPO | NO PREMINE | NO INSTAMINE (relaunch)  (Read 132083 times)
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NextGenCrypto
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March 26, 2016, 07:01:57 AM
 #81

Darkcoin/dash is still remembered today for not releasing with a windows wallet.

Yea, they only have a $44 million market cap...  I'd say it worked out.

But please, make an effort to get us a Win wallet.

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rossr1
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March 26, 2016, 09:06:48 AM
 #82

I think it's time you find a way to get this compiled for Windows users, you've got enough.

It's only going to help the coin in the long run.  Let us little guys have a chance.

Don't worry, little guys will have plenty of chance later on in the life of Steem.

NextGenCrypto asked if I had a GPU miner.  The answer is no.  I am mining via Amazon EC2 spot instances.

It should be possible to create a GPU miner, but that would require a lot of knowledge of how to implement elliptic curve signatures / verification which is something I don't have.

No windows as yet,  shame, as this little guy would have liked to got involved.
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March 26, 2016, 10:53:57 AM
 #83

Them little guys make up the majority. Win wallet please..  Smiley
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March 26, 2016, 11:42:48 AM
 #84

Actually Win guys could install on their PC a virtual machine running Linux, and mine from there Smiley

From another hand, even for Linux there is no ready wallet. You have to compile it from scratch, and that procedure is very different from compiling a typical altcoin wallet. Not every Linux will do either - it will need your Linux installation to be the very latest/updated one, otherwise compilation will fail (if you use Ubuntu, use at least v.15.10, not to run into issues).


... this space is not for rent ...
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March 26, 2016, 11:44:29 AM
 #85

Actually Win guys could install on their PC a virtual machine running Linux, and mine from there Smiley

From another hand, even for Linux there is no ready wallet. You have to compile it from scratch, and that procedure is very different from compiling a typical altcoin wallet. Not every Linux will do either - it will need your Linux installation to be the very latest/updated one, otherwise compilation will fail (if you use Ubuntu, use at least v.15.10, not to run into issues).



dev needs to satisfy all - win mac and linux wallets needed

-samsunk
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March 26, 2016, 03:43:53 PM
 #86

A couple of things to note:

1. I build and mine with Ubuntu 14.04
2. Everyone loves proof of work, unless it involves *real work* like reading code or compiling source

The entire build process is more or less a clone of BitShares which also builds on Windows, the tools are free.   

If the concept of proof of work is "I was able to download and run a script" then that doesn't represent real work, especially if those running the script already have the hardware and don't pay for their electricity.

Furthermore, most of those who are mining don't even know what it is they are mining or why it might have value. Many here make assumptions about Steem and we are counting on those wrong assumptions.

1. Some assume Steem needs miners to be successful, but we consider mining a niche that is too small to matter
2. Some assume 113% increase in STEEM supply every year is too much, but fail to investigate how the 113% is allocated
3. Some assume I am one guy acting alone with no money and no vision

Window's binaries will be made available when the time is right.




Are you fast enough?
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March 26, 2016, 04:36:47 PM
 #87

A couple of things to note:

1. I build and mine with Ubuntu 14.04
2. Everyone loves proof of work, unless it involves *real work* like reading code or compiling source

The entire build process is more or less a clone of BitShares which also builds on Windows, the tools are free.   

If the concept of proof of work is "I was able to download and run a script" then that doesn't represent real work, especially if those running the script already have the hardware and don't pay for their electricity.

Furthermore, most of those who are mining don't even know what it is they are mining or why it might have value. Many here make assumptions about Steem and we are counting on those wrong assumptions.

1. Some assume Steem needs miners to be successful, but we consider mining a niche that is too small to matter
2. Some assume 113% increase in STEEM supply every year is too much, but fail to investigate how the 113% is allocated
3. Some assume I am one guy acting alone with no money and no vision

Window's binaries will be made available when the time is right.





Good job dev, im mining, holding & trying to understand the code. What I've found out is that STEEM have a PoS (voting), a blockchain market, Dapps ( not 100% sure ) & some kind of data publishing ?

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March 26, 2016, 04:49:50 PM
 #88

I'm trying to figure out if I should be using multiple accounts. What would you say would be an optimal hash rate for each mining account? And do you have any long term plans for Steem?

If the queue length is 92, then it will take about 92 minutes to move your account through the queue. Everyone should mine with at least 2 accounts.

A typical i7 can get between 15K and 25K HPS which will find one POW every 100 to 150 minutes.  

If you are mining with an i7 then I would say 2 or 3 accounts is the most you will need to have no down time.

Is this done with a single command? I tried to start mining with a second account on the same machine but keep getting an exception "Last block ID does not match current chain state". Thanks.
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March 26, 2016, 08:12:47 PM
 #89

I just updated the formatting of the wallet output for list_my_accounts.

Code:
admin                   694.000 STEEM       1.000000 VESTS            0.000 SBD
administrator           756.000 STEEM       1.000000 VESTS            0.000 SBD
any                    1437.000 STEEM       1.000000 VESTS            0.000 SBD
moderator              1403.000 STEEM       1.000000 VESTS            0.000 SBD
root                   1048.000 STEEM       1.000000 VESTS            0.000 SBD
sminer1                 769.000 STEEM       1.000000 VESTS            0.000 SBD
sminer10                723.000 STEEM       1.000000 VESTS            0.000 SBD
sminer11                713.000 STEEM       1.000000 VESTS            0.000 SBD
sminer12                713.000 STEEM       1.000000 VESTS            0.000 SBD
sminer13                524.000 STEEM       1.000000 VESTS            0.000 SBD
sminer15                671.000 STEEM       1.000000 VESTS            0.000 SBD
sminer16                798.000 STEEM       1.000000 VESTS            0.000 SBD
sminer17                483.000 STEEM       1.000000 VESTS            0.000 SBD
sminer18                566.000 STEEM       1.000000 VESTS            0.000 SBD
sminer19                588.000 STEEM       1.000000 VESTS            0.000 SBD
sminer2                 420.000 STEEM       1.000000 VESTS            0.000 SBD
sminer20                566.000 STEEM       1.000000 VESTS            0.000 SBD
sminer21                587.000 STEEM       1.000000 VESTS            0.000 SBD
sminer22                629.000 STEEM       1.000000 VESTS            0.000 SBD
sminer23                714.000 STEEM       1.000000 VESTS            0.000 SBD
sminer25                692.000 STEEM       1.000000 VESTS            0.000 SBD
sminer26                610.000 STEEM       1.000000 VESTS            0.000 SBD
sminer27                588.000 STEEM       1.000000 VESTS            0.000 SBD
sminer28                671.000 STEEM       1.000000 VESTS            0.000 SBD
sminer29                589.000 STEEM       1.000000 VESTS            0.000 SBD
sminer3                 631.000 STEEM       1.000000 VESTS            0.000 SBD
sminer30                524.000 STEEM       1.000000 VESTS            0.000 SBD
sminer31                629.000 STEEM       1.000000 VESTS            0.000 SBD
sminer32                630.000 STEEM       1.000000 VESTS            0.000 SBD
sminer33                755.000 STEEM       1.000000 VESTS            0.000 SBD
sminer35                650.000 STEEM       1.000000 VESTS            0.000 SBD
sminer36                713.000 STEEM       1.000000 VESTS            0.000 SBD
sminer37                797.000 STEEM       1.000000 VESTS            0.000 SBD
sminer38                608.000 STEEM       1.000000 VESTS            0.000 SBD
sminer39                658.000 STEEM       1.000000 VESTS            0.000 SBD
sminer4                 572.000 STEEM       1.000000 VESTS            0.000 SBD
sminer40                676.000 STEEM       1.000000 VESTS            0.000 SBD
sminer41                570.000 STEEM       1.000000 VESTS            0.000 SBD
sminer42                735.000 STEEM       1.000000 VESTS            0.000 SBD
sminer43                650.000 STEEM       1.000000 VESTS            0.000 SBD
sminer45                566.000 STEEM       1.000000 VESTS            0.000 SBD
sminer46                503.000 STEEM       1.000000 VESTS            0.000 SBD
sminer47                545.000 STEEM       1.000000 VESTS            0.000 SBD
sminer48                524.000 STEEM       1.000000 VESTS            0.000 SBD
sminer49                693.000 STEEM       1.000000 VESTS            0.000 SBD
sminer5                 524.000 STEEM       1.000000 VESTS            0.000 SBD
sminer50                587.000 STEEM       1.000000 VESTS            0.000 SBD
sminer51                545.000 STEEM       1.000000 VESTS            0.000 SBD
sminer52                569.000 STEEM       1.000000 VESTS            0.000 SBD
sminer53                588.000 STEEM       1.000000 VESTS            0.000 SBD
sminer55                652.000 STEEM       1.000000 VESTS            0.000 SBD
sminer56                671.000 STEEM       1.000000 VESTS            0.000 SBD
sminer57                650.000 STEEM       1.000000 VESTS            0.000 SBD
sminer58                627.000 STEEM       1.000000 VESTS            0.000 SBD
sminer59                566.000 STEEM       1.000000 VESTS            0.000 SBD
sminer6                 480.000 STEEM       1.000000 VESTS            0.000 SBD
sminer60                479.000 STEEM       1.000000 VESTS            0.000 SBD
sminer61                477.000 STEEM       1.000000 VESTS            0.000 SBD
sminer62                503.000 STEEM       1.000000 VESTS            0.000 SBD
sminer63                545.000 STEEM       1.000000 VESTS            0.000 SBD
sminer65                433.000 STEEM       1.000000 VESTS            0.000 SBD
sminer66                528.000 STEEM       1.000000 VESTS            0.000 SBD
sminer67                441.000 STEEM       1.000000 VESTS            0.000 SBD
sminer68                316.000 STEEM       1.000000 VESTS            0.000 SBD
sminer69                293.000 STEEM       1.000000 VESTS            0.000 SBD
sminer7                 335.000 STEEM       1.000000 VESTS            0.000 SBD
sminer70                401.000 STEEM       1.000000 VESTS            0.000 SBD
sminer71                251.000 STEEM       1.000000 VESTS            0.000 SBD
sminer72                230.000 STEEM       1.000000 VESTS            0.000 SBD
sminer73                188.000 STEEM       1.000000 VESTS            0.000 SBD
sminer75                293.000 STEEM       1.000000 VESTS            0.000 SBD
sminer76                293.000 STEEM       1.000000 VESTS            0.000 SBD
sminer77                251.000 STEEM       1.000000 VESTS            0.000 SBD
sminer78                167.000 STEEM       1.000000 VESTS            0.000 SBD
sminer79                251.000 STEEM       1.000000 VESTS            0.000 SBD
sminer8                 230.000 STEEM       1.000000 VESTS            0.000 SBD
sminer80                117.000 STEEM       1.000000 VESTS            0.000 SBD
sminer81                 95.000 STEEM       1.000000 VESTS            0.000 SBD
sminer82                 20.000 STEEM       1.000000 VESTS            0.000 SBD
sminer83                 20.000 STEEM       1.000000 VESTS            0.000 SBD
sminer85                 41.000 STEEM       1.000000 VESTS            0.000 SBD
sminer86                  0.000 STEEM       0.000000 VESTS            0.000 SBD
sminer87                  0.000 STEEM       0.000000 VESTS            0.000 SBD
sminer88                  0.000 STEEM       0.000000 VESTS            0.000 SBD
sminer89                  0.000 STEEM       0.000000 VESTS            0.000 SBD
sminer9                   0.000 STEEM       0.000000 VESTS            0.000 SBD
steem                  1091.000 STEEM       1.000000 VESTS            0.000 SBD
steemit                 483.000 STEEM    2312.000000 VESTS            0.000 SBD
steemit1               1372.000 STEEM       1.000000 VESTS            0.000 SBD
steemit10              1286.000 STEEM       1.000000 VESTS            0.000 SBD
steemit11              1226.000 STEEM       1.000000 VESTS            0.000 SBD
steemit12              1095.000 STEEM       1.000000 VESTS            0.000 SBD
steemit13              1102.000 STEEM       1.000000 VESTS            0.000 SBD
steemit15              1103.000 STEEM       1.000000 VESTS            0.000 SBD
steemit16              1032.000 STEEM       1.000000 VESTS            0.000 SBD
steemit17              1094.000 STEEM       1.000000 VESTS            0.000 SBD
steemit18              1160.000 STEEM       1.000000 VESTS            0.000 SBD
steemit19              1097.000 STEEM       1.000000 VESTS            0.000 SBD
steemit2               1053.000 STEEM       1.000000 VESTS            0.000 SBD
steemit20              1303.000 STEEM       1.000000 VESTS            0.000 SBD
steemit21              1133.000 STEEM       1.000000 VESTS            0.000 SBD
steemit22              1165.000 STEEM       1.000000 VESTS            0.000 SBD
steemit23               888.000 STEEM       1.000000 VESTS            0.000 SBD
steemit25              1034.000 STEEM       1.000000 VESTS            0.000 SBD
steemit26              1034.000 STEEM       1.000000 VESTS            0.000 SBD
steemit27               968.000 STEEM       1.000000 VESTS            0.000 SBD
steemit28               908.000 STEEM       1.000000 VESTS            0.000 SBD
steemit29               869.000 STEEM       1.000000 VESTS            0.000 SBD
steemit3                759.000 STEEM       1.000000 VESTS            0.000 SBD
steemit30               806.000 STEEM       1.000000 VESTS            0.000 SBD
steemit31               740.000 STEEM       1.000000 VESTS            0.000 SBD
steemit32               906.000 STEEM       1.000000 VESTS            0.000 SBD
steemit33               696.000 STEEM       1.000000 VESTS            0.000 SBD
steemit35               489.000 STEEM       1.000000 VESTS            0.000 SBD
steemit36               847.000 STEEM       1.000000 VESTS            0.000 SBD
steemit37               698.000 STEEM       1.000000 VESTS            0.000 SBD
steemit38               592.000 STEEM       1.000000 VESTS            0.000 SBD
steemit39               679.000 STEEM       1.000000 VESTS            0.000 SBD
steemit4                512.000 STEEM       1.000000 VESTS            0.000 SBD
steemit40               533.000 STEEM       1.000000 VESTS            0.000 SBD
steemit41               621.000 STEEM       1.000000 VESTS            0.000 SBD
steemit42               568.000 STEEM       1.000000 VESTS            0.000 SBD
steemit43               489.000 STEEM       1.000000 VESTS            0.000 SBD
steemit45               546.000 STEEM       1.000000 VESTS            0.000 SBD
steemit46               633.000 STEEM       1.000000 VESTS            0.000 SBD
steemit47               485.000 STEEM       1.000000 VESTS            0.000 SBD
steemit48               797.000 STEEM       1.000000 VESTS            0.000 SBD
steemit49               735.000 STEEM       1.000000 VESTS            0.000 SBD
steemit5                487.000 STEEM       1.000000 VESTS            0.000 SBD
steemit50               740.000 STEEM       1.000000 VESTS            0.000 SBD
steemit51               678.000 STEEM       1.000000 VESTS            0.000 SBD
steemit52               549.000 STEEM       1.000000 VESTS            0.000 SBD
steemit53               677.000 STEEM       1.000000 VESTS            0.000 SBD
steemit55               447.000 STEEM       1.000000 VESTS            0.000 SBD
steemit56               488.000 STEEM       1.000000 VESTS            0.000 SBD
steemit57               359.000 STEEM       1.000000 VESTS            0.000 SBD
steemit58               362.000 STEEM       1.000000 VESTS            0.000 SBD
steemit59               400.000 STEEM       1.000000 VESTS            0.000 SBD
steemit6                295.000 STEEM       1.000000 VESTS            0.000 SBD
steemit60               357.000 STEEM       1.000000 VESTS            0.000 SBD
steemit61               295.000 STEEM       1.000000 VESTS            0.000 SBD
steemit62               336.000 STEEM       1.000000 VESTS            0.000 SBD
steemit63               337.000 STEEM       1.000000 VESTS            0.000 SBD
steemit65               272.000 STEEM       1.000000 VESTS            0.000 SBD
steemit66               379.000 STEEM       1.000000 VESTS            0.000 SBD
steemit67               293.000 STEEM       1.000000 VESTS            0.000 SBD
steemit68               252.000 STEEM       1.000000 VESTS            0.000 SBD
steemit69               275.000 STEEM       1.000000 VESTS            0.000 SBD
steemit7                106.000 STEEM       1.000000 VESTS            0.000 SBD
steemit70                90.000 STEEM       1.000000 VESTS            0.000 SBD
steemit71               127.000 STEEM       1.000000 VESTS            0.000 SBD
steemit72               168.000 STEEM       1.000000 VESTS            0.000 SBD
steemit73                83.000 STEEM       1.000000 VESTS            0.000 SBD
steemit75                20.000 STEEM       1.000000 VESTS            0.000 SBD
steemit76                41.000 STEEM       1.000000 VESTS            0.000 SBD
steemit77                41.000 STEEM       1.000000 VESTS            0.000 SBD
steemit78                20.000 STEEM       1.000000 VESTS            0.000 SBD
-------------------------------------------------------------------------
TOTAL                 89839.000 STEEM    2463.000000 VESTS            0.000 SBD

For those who are doing the math, this means we have mined 75% of the STEEM held by current accounts.
For those who are worried about us dumping, we intend to convert it all to VESTS at the end of the week.
VESTS are locked up, non-transverable, non-divisible, STEEM that can only be unlocked via 104 equal weekly payments (2 years).

We recommend everyone convert their STEEM to VESTS.

Wallet Tutorial
Code:
unlocked >>> transfer steemit40 steemit "533.000 STEEM" "memo" true
{
  "ref_block_num": 61958,
  "ref_block_prefix": 3826185324,
  "expiration": "2016-03-26T20:18:36",
  "operations": [[
      "transfer",{
        "from": "steemit40",
        "to": "steemit",
        "amount": "533.000 STEEM",
        "memo": "memo"
      }
    ]
  ],
  "extensions": [],
  "signatures": [
    "2023889603edd218e98428fea9825d2e7df7be9387d31147bffaad28ba19620b0f0ae7a2f938f5ad0a02d6167d5b5b21e269eaa14ee3eb324ca623f77bb9c7d67b"
  ]
}

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Eclipse Crypto
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March 26, 2016, 09:19:07 PM
 #90

For those who are doing the math, this means we have mined 75% of the STEEM held by current accounts.
For those who are worried about us dumping, we intend to convert it all to VESTS at the end of the week.
VESTS are locked up, non-transverable, non-divisible, STEEM that can only be unlocked via 104 equal weekly payments (2 years).

We recommend everyone convert their STEEM to VESTS.

If this is just HODL plastered on top of bitshares, you are in for a surprise. Bittrex doesn't even think HODL is worth listing.

You are going to need more than just HODL-style "vests".
drays
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March 26, 2016, 09:58:02 PM
 #91

2. Everyone loves proof of work, unless it involves *real work* like reading code or compiling source

The entire build process is more or less a clone of BitShares which also builds on Windows, the tools are free.   

If the concept of proof of work is "I was able to download and run a script" then that doesn't represent real work, especially if those running the script already have the hardware and don't pay for their electricity.

Heh, one of us misinterprets the proof-of-work concept Smiley


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thereverseflash
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March 26, 2016, 10:28:20 PM
 #92

For those who are doing the math, this means we have mined 75% of the STEEM held by current accounts.
For those who are worried about us dumping, we intend to convert it all to VESTS at the end of the week.
VESTS are locked up, non-transverable, non-divisible, STEEM that can only be unlocked via 104 equal weekly payments (2 years).

We recommend everyone convert their STEEM to VESTS.

If this is just HODL plastered on top of bitshares, you are in for a surprise. Bittrex doesn't even think HODL is worth listing.

You are going to need more than just HODL-style "vests".


HODL was inspired by the same blog post http://bytemaster.github.io/article/2016/01/04/The-Benefits-of-Proof-of-Work,  but we feel he didn't get the point.

FreeTrade, creator of HODL, has a bad reputation for several failed coins Memory Coin, Memory Coin II, etc.

Starting 30 days from launch, VESTS will get to vote on 19 witnesses. 1 witness will be selected by mining and 1 will be time-shared with the remaining witnesses proportional to their votes. A total of 21 per round.

After 30 days all block production and pow rewards are automatically converted to VESTS to reward miners who make long-term commitment.

The difference between this and BitShares is that the voters must be VESTING and cannot dump if they don't like how things go.  Also, unlike BitShares, there are no worker proposals nor major changes to the protocol which
should take much of the politics out of the coin. There are only two real tokens, STEEM and SBD.

Lastly, unlike BitShares, VESTS are never diluted unless over 90% of all STEEM is held as vesting.



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Jookly
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March 26, 2016, 11:56:58 PM
 #93

The part I am still not figuring out is how to know what goes in the WIFPRIVATEKEY field.

I just need a little more help please.
Eclipse Crypto
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March 27, 2016, 12:12:21 AM
 #94

The part I am still not figuring out is how to know what goes in the WIFPRIVATEKEY field.

I just need a little more help please.

https://www.bitaddress.org

Go there, make a wallet, copy the secret (starts with L), then go to wallet details, paste in the secret, hit "view details", scroll down, copy the WIF address that starts with a 5.
drays
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March 27, 2016, 12:16:29 AM
 #95

The part I am still not figuring out is how to know what goes in the WIFPRIVATEKEY field.

I just need a little more help please.

https://www.bitaddress.org

Go there, make a wallet, copy the secret (starts with L), then go to wallet details, paste in the secret, hit "view details", scroll down, copy the WIF address that starts with a 5.


Yeah, that is one more puzzle to solve for an uninformed folks like some(most) of us.

I suppose "suggest_brain_key" in "cli_wallet" will do too, right?

******************************

@'Eclipse Crypto', many thanks for the quotes ('witness') hint. It helped a lot. Not sure this coin will worth anything though (might shut down my miner soon), but its a bit entertaining.

Thanks to Dev for finally pointing to the article from Bytemaster - it was a good read (complete news for me - never even listened about his work before), and its finally explains something about this coin. I hope you understand what you are doing, though as 'Eclipse Crypto' pointed, you did it in somewhat shady and/or unprofessional way Undecided

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NextGenCrypto
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March 27, 2016, 12:33:55 AM
 #96

Can I put in a simple request for the next update?

Can we have a command that lists out all accounts and their respective balances cleanly?

Would be appreciated.

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March 27, 2016, 12:44:22 AM
 #97

Thanks for Eclipse for identifying a problem with the nonce selection, I have checked in a patch that will address this issue for anyone attempting to use the same key with multiple accounts. I didn't realize that libsecp256k used deterministic signatures rather than generating randomness for each signature like Open SSL did.

I have already checked in a patch that fixes the display of balances for anyone having issues there.

Mining for distribution was a last minute addition to this project which had originally intended to allocate 100% of everything and then sell off a fraction.

 


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Mysterion
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March 27, 2016, 12:44:49 AM
 #98

For those who are doing the math, this means we have mined 75% of the STEEM held by current accounts.
For those who are worried about us dumping, we intend to convert it all to VESTS at the end of the week.
VESTS are locked up, non-transverable, non-divisible, STEEM that can only be unlocked via 104 equal weekly payments (2 years).

We recommend everyone convert their STEEM to VESTS.

If this is just HODL plastered on top of bitshares, you are in for a surprise. Bittrex doesn't even think HODL is worth listing.

You are going to need more than just HODL-style "vests".


HODL was inspired by the same blog post http://bytemaster.github.io/article/2016/01/04/The-Benefits-of-Proof-of-Work,  but we feel he didn't get the point.

FreeTrade, creator of HODL, has a bad reputation for several failed coins Memory Coin, Memory Coin II, etc.

Starting 30 days from launch, VESTS will get to vote on 19 witnesses. 1 witness will be selected by mining and 1 will be time-shared with the remaining witnesses proportional to their votes. A total of 21 per round.

After 30 days all block production and pow rewards are automatically converted to VESTS to reward miners who make long-term commitment.

The difference between this and BitShares is that the voters must be VESTING and cannot dump if they don't like how things go.  Also, unlike BitShares, there are no worker proposals nor major changes to the protocol which
should take much of the politics out of the coin. There are only two real tokens, STEEM and SBD.

Lastly, unlike BitShares, VESTS are never diluted unless over 90% of all STEEM is held as vesting.


Oh wow, another vote for the staker thing dominated by insiders who started with an inside advantage and, worse than that, cheated their way there.

I've put the whole picture together now and it doesn't paint a pretty picture. You have done far worse than free trade ever did. Let me explain it to our audience.

Dear reader: please continue to the end, it gets worse with every sentence.

Let me start from the beginning: Dev, first you have the shittiest shitcoin launch in history, having all your miners fired up from the beginning.

Not only do you not have a pool or windows wallets, but you don't even have build instructions. You even have to be an advanced git user to insert the external repositories in the right place to build. You need a special boost that isn't included in the most common and supported linux distros, like Ubuntu 14.04. In short, you gave yourself a huge advantage.

Then you started cheating. The first cheat were your incorrect example mining commands that left out key characters, like single quoting the double quoted witness name. It's a detail, but very hard to figure out why the parser is failing. Then you have a shitty nonce selection where if the same key is mining from two different machines it will produce double work and get booted. You knew of this but no miner did. That doesn't make you smart, it makes you a cheater because you were raping the coin the whole time.

To prove that you were raping it to the exclusion of everyone else, anyone can go read the original thread where you acknowledge that when your miners went down, no one else was mining. You made it impossible to mine for anyone else who didn't have insider's knowledge of the coin.

That doesn't make you smarter than your average coward, because anyone can set a booby trap. It makes you someone who is too dumb to figure out how to win by being smart.

Now here's where it gets bad. For the second night in a row your miners crashed. I actually anticipated that because dumbfucks usually make the same mistake more than once. So I had 40 cores going when you went to bed. I brought in nearly every block that night and when you woke up you saw what happened and decided to do a relaunch.

You failed at cheating and the only way to win at it was to cheat some more with a relaunch. Of course I lost all my coins, but you had to do it to guarantee yourself an insurmountable insider advantage when it came to voting yourself a staker.

But only after mining with about $200 day for 3 days do you spring this thing about insider's selecting the stakers. Maybe, being a complete idiot, you think that we should read the code and put $200.00 a day on this coin like you. But no one has time to read the code of every shitcoin that comes along. No one can do it. Again, you aren't smart for having insider knowledge and taking advantage of it. You are basically an idiot who has to cheat because you can't cheat so well.

And, dear reader, this is the story of the beginning of this coin. You have a dev who has cheated at every step, cheats when they fuck up cheating, then cheats some more.

And, shitcoin dev, I know you will delete this post, but I won't and it will come up again. Also, I know the bittrex people will not add scams like this. I'll make sure they know what has happened. And coins these days don't go anywhere if they don't go through trex. You might as well make your own exchange. There are too many KYC/AML agencies coming down hard on exchanges. Maybe you can get on some smaller exchanges, but with a well documented shitshow like this, the first person to clone your coin will be able to leverage anything new (if any) you put into it.

Hell, I might even do it. You can watch me fuck you with your own work.



Thanks for taking your time to write this, Eclipse!
Mysterion
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March 27, 2016, 12:47:09 AM
 #99

For those who are doing the math, this means we have mined 75% of the STEEM held by current accounts.
For those who are worried about us dumping, we intend to convert it all to VESTS at the end of the week.
VESTS are locked up, non-transverable, non-divisible, STEEM that can only be unlocked via 104 equal weekly payments (2 years).

We recommend everyone convert their STEEM to VESTS.

If this is just HODL plastered on top of bitshares, you are in for a surprise. Bittrex doesn't even think HODL is worth listing.

You are going to need more than just HODL-style "vests".


HODL was inspired by the same blog post http://bytemaster.github.io/article/2016/01/04/The-Benefits-of-Proof-of-Work,  but we feel he didn't get the point.

FreeTrade, creator of HODL, has a bad reputation for several failed coins Memory Coin, Memory Coin II, etc.

Starting 30 days from launch, VESTS will get to vote on 19 witnesses. 1 witness will be selected by mining and 1 will be time-shared with the remaining witnesses proportional to their votes. A total of 21 per round.

After 30 days all block production and pow rewards are automatically converted to VESTS to reward miners who make long-term commitment.

The difference between this and BitShares is that the voters must be VESTING and cannot dump if they don't like how things go.  Also, unlike BitShares, there are no worker proposals nor major changes to the protocol which
should take much of the politics out of the coin. There are only two real tokens, STEEM and SBD.

Lastly, unlike BitShares, VESTS are never diluted unless over 90% of all STEEM is held as vesting.




Good luck explaining that to your average shitcoin trader. Maybe add "will have anon" in red letters if you want your coin to go anywhere Cheesy
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March 27, 2016, 05:05:45 AM
 #100

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