Bitcoin Forum
July 31, 2021, 11:01:50 AM *
News: Latest Bitcoin Core release: 0.21.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Future development of coins -QUESTION  (Read 181 times)
asere
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
February 07, 2018, 08:09:20 PM
Last edit: February 07, 2018, 08:33:50 PM by asere
 #1

So if I get it right..by updating the code of any coin you create a hard fork and u don’t want a hardfork cause of the mining so u put another layer on to top of it!

What about the premined coins? Or when it’s all mined?
1627729310
Hero Member
*
Offline Offline

Posts: 1627729310

View Profile Personal Message (Offline)

Ignore
1627729310
Reply with quote  #2

1627729310
Report to moderator
1627729310
Hero Member
*
Offline Offline

Posts: 1627729310

View Profile Personal Message (Offline)

Ignore
1627729310
Reply with quote  #2

1627729310
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
DannyHamilton
Legendary
*
Offline Offline

Activity: 2534
Merit: 2117



View Profile
February 07, 2018, 09:15:34 PM
 #2

So if I get it right..by updating the code of any coin you create a hard fork and u don’t want a hardfork cause of the mining so u put another layer on to top of it!

What about the premined coins?


Bitcoin doesn't have any premined coins.

If you are asking about altcoins, then you should probably ask it in the altcoin section of the forum.

Or when it’s all mined?

Are you asking about when the subsidy ends?  More than 110 years from now?

I'm not too concerned about that, we'll all be dead by then, but the intention is for the process to continue with funding from transaction fees alone.
asere
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
February 08, 2018, 03:35:33 PM
 #3

Thanks..yes, the 'premined' part of the question is about alts.

I will take the question over to the correct subforum
monkeydominicorobin
Full Member
***
Offline Offline

Activity: 294
Merit: 104


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile
February 10, 2018, 05:55:22 PM
 #4

So if I get it right..by updating the code of any coin you create a hard fork and u don’t want a hardfork cause of the mining so u put another layer on to top of it!

What about the premined coins? Or when it’s all mined?


Yes that is the very definition of hard fork. As for pre-mining. It is actually a bad practice and usually frowned upon by crupto fanatics.

SHOP_
Copper Member
Newbie
*
Offline Offline

Activity: 58
Merit: 0

Open eCommerce Protocol


View Profile WWW
February 11, 2018, 07:29:55 AM
 #5

Satoshi likely mined a number of genesis blocks and forked himself a couple times. Wasn't an issue then because no one else was mining.

Mainstream eCommerce protocol that leverages decentralization to provide incentives to brands and shoppers. Open sourced with APIs for Stripe, Shopify, and all the major shipping companies. Get your business on the blockchain and fight monopolistic middle men.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!