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Author Topic: NVC giveaway !!! Trade it, use it, enjoy it. Only 2nd after BTC by price  (Read 94357 times)
tfoldman
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April 29, 2013, 10:20:18 AM
 #441

4Z9SgT4eADqDELQxikE8LxpQhdjEqs4Syp

I appreciate it !
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Balthazar
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April 29, 2013, 10:42:57 AM
Last edit: April 29, 2013, 11:06:29 AM by Balthazar
 #442

4M6uBzRX9pDsKd7YjqWMYGNUC5eHbybfo5

Also, a question:  How long would it take, if I had 1 NovaCoin, to generate new novacoins through "proof of stake"? It sounds very interesting
With difficulty 0.027 you need ~ 11.58 * 10^7 coin-day-second to find a proof of stake block.

If you have 1 coin with age 30 days, then you have 30 coin-days. I.e. estimated block search time will be ~ 11.58 * 10^7 / 30 = 3.86 * 10 ^ 6 seconds = 1072 hours.

But we don't take into consideration that the age of coins isn't constant and grows while block searching process.

CoinedIt!
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April 29, 2013, 05:09:28 PM
 #443


4XCcrwyYyUVrcMbKmpkBTYBkeXVpmYHqXz

Thank you.
epi 1:10,000
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April 30, 2013, 03:38:21 AM
 #444

4cSFhv26EwpVpWaBd2QM3mWqAjrGtarUo7

Thanks in advance.
Armchair Miner
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April 30, 2013, 03:43:53 AM
 #445

Hi,

4JZPw53k1LckVDeBKyxa1WKTcWjESAn6nB

Also thinking of mining NVC on a Win32 PC. Any good large or mid size pools you can recommend?

Thx!

Already found some pools for NVC, no need to post.

Another question - What would be a good strategy for a small miner to help prevent the 51% attack with NVC?

My only guess is - mine as much as you can, but not in the largest pool. And, collect as many NVC as you can.

kochmann799
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April 30, 2013, 03:56:25 AM
 #446

oh nice, thank you 4K6LsRKzPS7mAHnRmdFj3ZQc4Qup6VYmRo

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April 30, 2013, 04:23:50 AM
 #447

4JZpqoUpc6KC7ipD9oqxhQaMxe2tcPGxNV
Barry Hines
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April 30, 2013, 04:35:58 AM
 #448

Thanks, bro!
4PTv7ZHfYVryAsta5tveFddtKKnvRCNPeZ
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April 30, 2013, 04:55:23 AM
 #449

i'll try it, 4cok6rfPNRLoSpkwffzBmwpv77E7uLj2wQ
exonomica
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April 30, 2013, 08:13:56 AM
 #450

yahoo Wink thanks!
4JaoJ2sTaFXoFxkiEEuzTX8t2VFHe7X66E
testz
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April 30, 2013, 09:21:17 AM
 #451

4ThFKexPczp4v8yHKm87Cu3ZxXuktsrKJB
Thanks a lot! 8-)

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  Semux uses .100% original codebase.
  Superfast with .30 seconds instant finality.
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Balthazar
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April 30, 2013, 12:05:06 PM
Last edit: April 30, 2013, 12:21:17 PM by Balthazar
 #452

Hi,

4JZPw53k1LckVDeBKyxa1WKTcWjESAn6nB

Also thinking of mining NVC on a Win32 PC. Any good large or mid size pools you can recommend?

Thx!

Already found some pools for NVC, no need to post.

Another question - What would be a good strategy for a small miner to help prevent the 51% attack with NVC?

My only guess is - mine as much as you can, but not in the largest pool. And, collect as many NVC as you can.
There is no possibility of hashrate-based 51% attack on NVC network, because protection is based on the Proof-of-Stake system.

But you are correct with the second part, many "small" holders are better for network in comparison with case of one big coins holder.

Snail2
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April 30, 2013, 01:11:46 PM
 #453

4QWGNDenqm7GL2iA2WY3JDvkcn7TMdeLTN

Thanks  a lot

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Magic8Ball
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April 30, 2013, 01:29:09 PM
 #454

4EheHX8tqfFxe6qFCqvs1mqDGLXdbvgBCD

Thank you Smiley
efx
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April 30, 2013, 05:42:15 PM
 #455

You still do not seem to understand the difference between centralized and decentralized cryptocurrencies.
Obviously not, because there is the difference between checkpointing and centralization. NVC and PPC networks are both has no central authority. There is no transactions control.

the simple concept of end-users being able to compile their own client that *disregards* any current checkpoints *should we wish*.
They are able to do anything what they want. UfaSoft Coin client has no broadcasted checkpointing support, for example. Also there will be an option to disable it in official client, but it still will be enabled by default.

No, I'm obviously not talking about double-spending your own coin.
Double-spend possibility it's the main measure and sign of centralization. If someone has ability to double-spend, then project should be perceived as centralized system. I.e. if there is a pool with more than 51% hashing power in BTC/FC/LTC/whatever, then this systems are centralized. It's quite simple.

Also, PoS 'fully' functional for the past 2 months?  Roll Eyes
Yes, and it's the main blocks source in the network, for now:

http://cryptocoinexplorer.com:6750/chain/Novacoin

I noticed you like rolling your eyes at people, so I thought I would pepper a few in for good measure... Perhaps something is getting lost in translation?
It's my usual gesture IRL, because of my work. I don't trust people, I trust math only. I prefer to be honest in that sense. Smiley


So in theory, you could disregard the PoS system entirely?  Very interesting. NVC has made some very nice improvements over PPC, in my opinion. I'm gonna send you a PM with another question/link, if you don't mind taking a look.

Thanks for the help!
 Smiley
Balthazar
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April 30, 2013, 08:11:02 PM
 #456

Currently PoW provides less than 10% of network blocks rate. But maybe I'll implement some changes to PoW target calculation in the next releases, to make PoW share a little higher.

// The next giveaway sending will be performed today.

P.S. reading your PM again. Cheesy

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April 30, 2013, 08:16:23 PM
 #457

4XdFwUezNtxJLy2kdg5heNMBrpFVNw2AJW

Thanks!

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Noitev
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April 30, 2013, 08:24:07 PM
 #458

sure, why not? I wanna gamble a bit online anyway Tongue

4Tq7GnH8xihq2oK2ZGpQU2fCgn8XjsbDo6

ty
piepu75
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April 30, 2013, 10:35:05 PM
 #459

Oh, I'll be glad to try Novacoin,

4KrDZKQk3PjhUxkiX8xw3E1ctAkWsyCgRG

Thanks so much.
Balthazar
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April 30, 2013, 10:55:09 PM
 #460

ThemCoins
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Sent.  Smiley

P.S. 30 posts rule will be enforced for next sending.

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