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Author Topic: MC2: A cryptocurrency based on a hybrid PoW/PoS system  (Read 194366 times)
JessicaMILFson
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July 25, 2014, 05:40:23 PM
 #1201


Hacking away. Simulation network is functional on some basic features. There'll be a testnet in the coming months.

any new features or insights that you want to incorporate into mc2 now after gaining exp with monero ?
"Apparently, so I am told, there exist "people" who prefer to wipe sitting down. From the front. Initial research indicates it could be up to half the population." -- benjamindees
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tacotime
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July 30, 2014, 03:38:51 AM
 #1202

any new features or insights that you want to incorporate into mc2 now after gaining exp with monero ?

Sorry for the long reply, didn't see this until now.

I probably won't be considering ring signatures for now (it's a lot of work), but may switch to EdDSA for the signature scheme. I don't think I'll be initially added stealth addressing either (but you can always do it yourself with OP_RETURN pushes).

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
Y3llowb1ackbird
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August 04, 2014, 03:32:09 AM
 #1203

I just read the MC2 whitepaper. I am very impressed. I will be following this with great interest.
tobeaj2mer01
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August 05, 2014, 09:43:29 AM
 #1204

Hope there will be an IPO for this coin.

Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
lynn_402
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August 05, 2014, 01:40:51 PM
 #1205

Hope there will be an IPO for this coin.

It's 100% minable, which is the main reason why it isn't a scam.

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NPay Network
Masternode: 80% POS: 20%








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beitris.dwlul
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August 19, 2014, 05:07:47 AM
 #1206

The concept looks good but let's see how it will be in practice.

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August 24, 2014, 05:34:33 PM
 #1207

I wonder if tacotime will bother now that there is so much do to with XMR!
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August 24, 2014, 08:20:33 PM
 #1208

I wonder if tacotime will bother now that there is so much do to with XMR!

He's been working on it almost every day. Things are looking better for MC2 than ever before. Have faith, oh, ye of little faith! Wink

statdude
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August 29, 2014, 01:57:04 AM
 #1209

I wonder if tacotime will bother now that there is so much do to with XMR!

He's been working on it almost every day. Things are looking better for MC2 than ever before. Have faith, oh, ye of little faith! Wink

Whoa, where'd you hear that?

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Whitepaper
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tacotime
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August 29, 2014, 06:07:34 AM
 #1210

I wonder if tacotime will bother now that there is so much do to with XMR!

MC2 is most of what I do.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
CoinHoarder
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August 29, 2014, 06:57:37 AM
 #1211

I wonder if tacotime will bother now that there is so much do to with XMR!

MC2 is most of what I do.

Glad to hear that. I am excited about this.  Grin
statdude
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August 29, 2014, 03:20:35 PM
 #1212

Says on page one it will be Scrypt based. Will this be a standard algo, or some variant?

Important to me as I can only rent hash.

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adept
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August 31, 2014, 02:23:24 AM
 #1213

When can we expect this to go out?
tacotime
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August 31, 2014, 02:26:57 AM
 #1214

When can we expect this to go out?

There should hopefully be a closed source testnet in the next month or two that people can muck around with.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
canth
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August 31, 2014, 03:33:58 PM
 #1215

When can we expect this to go out?

There should hopefully be a closed source testnet in the next month or two that people can muck around with.

Excellent. I'm sure you'll get plenty of testers - looking forward to participating. What environment do you envision supporting first? Linux/Windows? Or just Linux first?

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August 31, 2014, 05:27:12 PM
 #1216

When can we expect this to go out?

There should hopefully be a closed source testnet in the next month or two that people can muck around with.

Excellent. I'm sure you'll get plenty of testers - looking forward to participating. What environment do you envision supporting first? Linux/Windows? Or just Linux first?

It should build pretty much anywhere as it's written in Golang. Initial daemon/wallet will be command line.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
David Latapie
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August 31, 2014, 05:35:24 PM
 #1217

It should build pretty much anywhere as it's written in Golang. Initial daemon/wallet will be command line.
Golang crypto? Yam yam.

Monero: the first crytocurrency to bring bank secrecy and net neutrality to the blockchain.HyperStake: pushing the limits of staking.
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August 31, 2014, 06:57:05 PM
 #1218

The main advances over BTC in MC2 are 51% attack-resistance, less blockchain bloat, and a democratic system of altering certain parameters; is that correct?

The democratic aspect worries me a bit. I'm not so impressed with the results of democracy in the real world, where it appears that democracies are susceptible to hijacking by wealthy factions, who then alter the laws to favor themselves. Eventually these factions make themselves into oligarchs. Isn't it better to have a philosopher-king dev who is committed and incentivized to "do the right thing" vis a vis the coin?
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October 03, 2014, 09:43:58 PM
 #1219

The main advances over BTC in MC2 are 51% attack-resistance, less blockchain bloat, and a democratic system of altering certain parameters; is that correct?

The democratic aspect worries me a bit. I'm not so impressed with the results of democracy in the real world, where it appears that democracies are susceptible to hijacking by wealthy factions, who then alter the laws to favor themselves. Eventually these factions make themselves into oligarchs. Isn't it better to have a philosopher-king dev who is committed and incentivized to "do the right thing" vis a vis the coin?

Voting by stakeholder for anything aside from voting on PoW will be unspecified from my prototype, I'm just laying the groundwork for the voting.

Update:
- Core consensus code for the PoW/PoS completed but virtually untested
- Auxiliary database code completed
- Supporting RPC calls at about 50% complete
- Simulation network for testing about 50% complete
- Test coverage approx. 15-20%
- New difficulty algorithm for PoS system

Will be moving onto simulation network testing this month, progress is more or less on time.

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
tobeaj2mer01
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October 07, 2014, 09:36:23 AM
 #1220

When can we buy or mine this coin, is there an ICO/IPO?

Sirx: SQyHJdSRPk5WyvQ5rJpwDUHrLVSvK2ffFa
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