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Author Topic: MC2: A cryptocurrency based on a hybrid PoW/PoS system  (Read 194365 times)
wizzardTim
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January 09, 2014, 07:22:36 PM
Last edit: January 09, 2014, 07:37:26 PM by wizzardTim
 #1081

Everyone has been messaged who has contacted me.

I'll set up Bitmsg and contact you too!

Sure.  It's a really easy way to do public key encryption, easier for most new users than PGP.

Everyone else has been replied to.

I just sent a BM to the address I got from _ingsoc.

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_ingsoc
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January 09, 2014, 08:19:33 PM
 #1082

I just sent a BM to the address I got from _ingsoc.

If anyone needs help setting up BM and/or testing that it works, send me a PM and I'll help you. There's a guide over at CryptoJunky to get you started, and you can also check out the one at GuidingTech for more information.

All aboard the SS Taco! Cheesy

edok
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January 10, 2014, 10:14:41 PM
 #1083

I tried setting one up using bitmsg.me. Will this work? It's been a day but haven't heard anything yet.

_ingsoc
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January 10, 2014, 10:24:16 PM
 #1084

I tried setting one up using bitmsg.me. Will this work? It's been a day but haven't heard anything yet.

I can't vouch for that site, so I'm unsure if it works. Have you tried setting up the client for your OS using either the CryptoJunky or GuidingTech guides? If you have the client running, send me your BM address and I'll help you test it to make sure you can send and receive messages.

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January 10, 2014, 10:37:33 PM
 #1085

I didn't know this project was still being actively developed, it seems like it was first introduced ages ago. Love the ideas, look forward to seeing it come to fruition.

JustaBitofTime - Co-Founder of CoinTropolis - Currently assisting Nxt
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January 10, 2014, 10:52:18 PM
 #1086

I didn't know this project was still being actively developed, it seems like it was first introduced ages ago. Love the ideas, look forward to seeing it come to fruition.

The reason you haven't heard much or haven't seen the project get all that much attention is because we decided against taking your money and then running around looking for a plan. Instead we decided to build some industry relationships that we hope will end up in a much better ecosystem for long-term dev on projects like MC2. A lot has been going on in the background.

If you're interested in hearing about it and getting involved, feel free to send tacotime or me your BM address or PGP keys, and he'll send you the communication. We're gathering up all the supporters of the project that stood with us, before we christen this ship for the high seas. Smiley

tacotime
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January 12, 2014, 09:49:53 PM
 #1087

A quick update;

There are a lot of so-called "next gen" cryptocurrencies coming to the forefront.  We are watching these closely to see how they fare, including:
- nxt
- ethereum (source code)
- maako's UTXO ledger system/ultimate blockchain compression and his work towards contract scripting for Freicoin (Freimarkets)
- bitshares

Probably ethereum is the most interesting because it has a new "memory hard" hash algorithm (dagger) and a transaction scripting language that operates like a programming language.  The latter may turn out to be totally and crazily dangerous, but I'll keep an eye on it.  I contacted one of the lead devs behind it as we live close by, but I haven't heard back from him yet.

I want to keep MC2 dynamic, that is, if a new feature becomes something incredibly useful for a chain, we can place it into it with a hardfork.  I think modularity is key in keeping up with the ever-changing and rapidly growing world of cryptocurrency.  Beneath a layer of modularity I hope to maintain a robust, stable cryptocurrency system that addresses some of the fundamental shortcomings of Bitcoin.

I will get back to the remaining BMs/PGP keys later tonight.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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January 13, 2014, 02:39:47 PM
 #1088

All persons have been e-mailed the most recent newsletter on BM who had asked for it.

I will try to push another series of updates later on this week to all the BM addresses.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
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January 16, 2014, 09:07:09 AM
 #1089

A quick update;

There are a lot of so-called "next gen" cryptocurrencies coming to the forefront.  We are watching these closely to see how they fare, including:
- nxt
- ethereum (source code)
- maako's UTXO ledger system/ultimate blockchain compression and his work towards contract scripting for Freicoin (Freimarkets)
- bitshares

Probably ethereum is the most interesting because it has a new "memory hard" hash algorithm (dagger) and a transaction scripting language that operates like a programming language.  The latter may turn out to be totally and crazily dangerous, but I'll keep an eye on it.  I contacted one of the lead devs behind it as we live close by, but I haven't heard back from him yet.

I want to keep MC2 dynamic, that is, if a new feature becomes something incredibly useful for a chain, we can place it into it with a hardfork.  I think modularity is key in keeping up with the ever-changing and rapidly growing world of cryptocurrency.  Beneath a layer of modularity I hope to maintain a robust, stable cryptocurrency system that addresses some of the fundamental shortcomings of Bitcoin.

I will get back to the remaining BMs/PGP keys later tonight.
vbuterin's Slasher POS is prettty interesting as well.
solracx
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January 16, 2014, 05:18:20 PM
 #1090

Haven't been following this for a while.

Was this Netcoin?

Is it out yet?

ZenithCoin - Sustainable Scrypt Based Crypto Currency
cryptrol
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January 16, 2014, 05:26:42 PM
 #1091

Haven't been following this for a while.

Was this Netcoin?

Is it out yet?

What percent of code is done?

It is like taking forever.
cryptrol
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January 16, 2014, 05:37:26 PM
 #1092

BTW, have you taken a look at the counterparty project ? It is also interesting and worth to follow IMO and have actual code that works which is not always the case for other new projects.

Also, I am still waiting for a message.

BM-2cUkz52xDAAxM36fjAs6ZNT4GS2jvDjHGo
7rue
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January 17, 2014, 03:08:38 AM
 #1093

Hi all,

I have recently been reading about cryptocurrencies and I am following this thread with great interest. One thing I noticed is the name of the coin is likely to induce confusion and to greatly reduce the branding position of MC2 in the short to medium term (or until one of the two netcoin fails). While still not extremely popular, the other netcoin returns about 106,000 results in Google ("netcoin" -mc2-) and is traded on at list 2 platforms while being listed at http://coinmarketcap.com/. I think the name of MC2 should be changed as soon as posible to something unique.

From what I have read, tacotime absolutely wants the initials to be MC2 so, in this respect, I propose mcoin (MC2) as a potential new name. M would stand for mobile ("able to move or be moved freely or easily") and the 2 would indicate it is a second generation cryptocurrency. There is also m-coin (MC2) that could be interesting. From my opinion, starting a phrase with "M-coin" is more aesthetically pleasant than with "Mcoin" but everywhere else I think mcoin is better. It would be nice to have the opinion of a marketing designer to know whereas mcoin or m-coin is better for marketing purposes.

M-coin.org is available was just registered by myself and I think it would be a good start both for mcoin and m-coin. I would gladly donate the domain name. If success follows, we could then purchase mcoin.org.

tl;dr: mcoin as a new name for MC2.

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January 17, 2014, 04:15:52 AM
 #1094

Keep up the great work, I rather the project take for ever then be a cut and paste!
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January 17, 2014, 05:25:15 AM
 #1095

PoW/PoA thoughts?

Proof of Activity
tacotime
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January 17, 2014, 05:52:32 PM
 #1096

BTW, have you taken a look at the counterparty project ? It is also interesting and worth to follow IMO and have actual code that works which is not always the case for other new projects.

Also, I am still waiting for a message.

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Message was sent out, I will attempt to resend.

Everyone else who PM'd me recently, I will be adding you to the newsletter shortly.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
tacotime
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January 17, 2014, 05:54:04 PM
 #1097

PoW/PoA thoughts?

Proof of Activity

MC2's PoS is similar to PoA (and dissimilar to PPC)

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
FrictionlessCoin
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January 17, 2014, 05:57:18 PM
 #1098

PoW/PoA thoughts?

Proof of Activity

MC2's PoS is similar to PoA (and dissimilar to PPC)

Wasn't there a movie with Russell Crowe titled "Proof of Life"?

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Et Filii
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January 17, 2014, 06:02:25 PM
 #1099

PoW/PoA thoughts?

Proof of Activity

MC2's PoS is similar to PoA (and dissimilar to PPC)

Wasn't there a movie with Russell Crowe titled "Proof of Life"?

RandyMagnum
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January 17, 2014, 09:51:23 PM
 #1100

PoW/PoA thoughts?

Proof of Activity

MC2's PoS is similar to PoA (and dissimilar to PPC)

Excellent.
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