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Author Topic: MC2: A cryptocurrency based on a hybrid PoW/PoS system  (Read 194365 times)
3Dfilament
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May 18, 2013, 05:47:39 AM
 #541

A new coin has come out that addresses the inflation vs dollar valuation issue. Ela coin is going to launch in like, ~8-9 hours from now, and it increases the block reward based on the network hashrate, as more people mine, each block becomes more valuable. It's not a straight 1:1 increase, but I still think it's a bit over the top. But it's nice to see that people are actually trying Smiley

Here is an idea, why don't we have it so Netcoin rewards different mining technologies at different times of the day? CPU mining becomes easier for a while each day but ASICS become real hard to mine with. GPU mining becomes difficult for a while each day but ASICS become easier. CPU becomes harder then GPU becomes easier. This should be randomized by a seed node so that it's unpredictable at which time of the day this will occur or who and what technology it will favor.

This would encourage a maximum amount of miners to mine for a maximum amount of time. This is a feature I suggest be included into the Netcoin concept if Tacotime agrees it can and should be implemented. If I'm a miner and I do not know when or how much but I know for sure every day mining will favor my technology, then I will mine this coin every day waiting for my turn for the difficulty to drop way down for my technology.

This will make it so developing ASICS wont be the best way to take advantage of mining. GPUs, CPUs, all sorts of technologies would have to be developed. If Netcoin is designed in a modular fashion then the developer could set it up to optimize to any random technology at any time of day or night. This in my opinion help remove the leverage of ASICS but I don't know if it's possible to pull it off because I don't know the source code or know the intimate details of the hashing algorithms. I would suggest running it in a simulation so we can find out what it's optimizing for.

That's ... innovation, tricky, the human condition is a big factor here, and I like that this is being boldly addressed.
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digicoin
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May 20, 2013, 02:43:48 PM
 #542

Found this thread again on the page 15. Any new idea?
tacotime
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May 20, 2013, 05:19:37 PM
 #543

Update:
We have a couple of domains now,
http://www.networkcoin.com/forum/
and
http://netcoin.io/forum/

Code:
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns
Wepp
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May 20, 2013, 06:24:49 PM
 #544

I suggest that you change the header to be static instead of floating. Having a floating header permanently reduces the viewable area of each page by 30% on my laptop. Also, it makes the site utterly unreadable on mobile devices such as tablets and phones, because the header is incorrectly positioned and appears right in the middle of the screen.

Imagine reading a book where every page had the title of the book on the top... Doesn't make much sense.
1Peter
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May 20, 2013, 06:27:03 PM
 #545

Yeah, must admit I don't like that forum layout much.. not easy to read and too much wasted space..
_ingsoc
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May 20, 2013, 07:11:26 PM
 #546

Yeah, must admit I don't like that forum layout much.. not easy to read and too much wasted space..

I've been looking for an excuse to make a custom theme for the Netcoin forum. How does everyone feel about Vanilla Forums? It's simpler, but it feels a lot cleaner to me. If anyone is interested in experimenting, I put up http://netcoin.io/forum. Feel free to throw your ideas in there and I'll organise categories. We've got some basic information at http://netcoin.io, as we will probably end up using this domain as the main site for Netcoin and another for a dedicated forum. Happy to work with people on suggestions and improvements to build a structure that works for everyone. Let me know!

Edit: Just on a sidenote, probably not wise to end up with two different forums later on, so I put this up to see how people feel about Vanilla Forums for Netcoin. We'll end up redirecting http://netcoin.io/forum to whatever is preferred.

1Peter
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May 20, 2013, 07:33:06 PM
 #547

I do like this (bitcointalk.org) one, is it vanilla? It's easy to read, full width ..etc.
_ingsoc
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May 20, 2013, 07:41:27 PM
 #548


I do like this (bitcointalk.org) one, is it vanilla? It's easy to read, full width ..etc.

Bitcointalk has SMF, like the Netcoin forum at http://networkcoin.com/forum. I figured a lighter forum might work better for Netcoin discussion given that it represents a currency as opposed to all of cryptocurrency, but maybe that's an aesthetic bias. Cheesy Anyway, I'll keep the other one up and see what comes of it.

digicoin
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May 21, 2013, 02:01:54 AM
 #549

Update:
We have a couple of domains now,
http://www.networkcoin.com/forum/
and
http://netcoin.io/forum/

What is the official forum?
3Dfilament
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May 21, 2013, 02:08:32 AM
Last edit: May 21, 2013, 03:00:49 AM by 3Dfilament
 #550

Update:
We have a couple of domains now,
http://www.networkcoin.com/forum/
and
http://netcoin.io/forum/

NetworkCoin would be a really, really nice name for the coin, as good as, or better in many ways. Netcoin is still good, yes, that's awesome, but to match the coin to the name of the domain is very important.

In the real, brick and mortar world, if I said, "I'll give you dollarines for that", well sure, that's real close ... but marketing and branding really demand that if you CAN match the name of your DOMAIN to your, (product-coin), it's a very good thing. To compete in the SEO namespace of "network" would be very nice as well, a doable challenge.

Many people, when trading real value, and taking real risk, having to make a decision IF "netcoin"="networkcoin"="NTC" ... well why take that risk ... at all?
_ingsoc
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May 21, 2013, 10:25:57 AM
 #551

Update:
We have a couple of domains now,
http://www.networkcoin.com/forum/
and
http://netcoin.io/forum/

NetworkCoin would be a really, really nice name for the coin, as good as, or better in many ways. Netcoin is still good, yes, that's awesome, but to match the coin to the name of the domain is very important.

In the real, brick and mortar world, if I said, "I'll give you dollarines for that", well sure, that's real close ... but marketing and branding really demand that if you CAN match the name of your DOMAIN to your, (product-coin), it's a very good thing. To compete in the SEO namespace of "network" would be very nice as well, a doable challenge.

Many people, when trading real value, and taking real risk, having to make a decision IF "netcoin"="networkcoin"="NTC" ... well why take that risk ... at all?

I agree with the points you make. The biggest challenge with a community-driven project like this is that people tend to drive a bunch of efforts in a bunch of different directions. That's both the beauty and curse of open projects. Although TacoTime and his development team will have full control over the quality of the code until it is open sourced for reasons of security as discussed in here, our job a a community around this idea is to create an ecosystem to support it. I think this is where it becomes challenging.

The point on the semantics of Netcoin you make is really important. I think the community has decided on Netcoin as a name, something about it resonates with people. I registered netcoin.io primarily out of urgency a little while ago after a conversation with TT about it as we thought it could be a good potential domain name for Netcoin. Unfortunately, netcoin.com is domain squatted and trying to buy it for thousands of dollars isn't really a good idea in my opinion. I think the .io domains have a nice ring to them. I do, however, want to declare that I registered netcoin.io with the intention of being open to anyone and everyone about it and working with anyone who approaches me to make it into something that suits people. I'll even point it elsewhere if required. I want the community to have a written record of that, in the interest of full disclosure and transparency.

The reason I put up a discussion space is because I wanted to experiment with a lighter type of forum to see if it works as a means to work on smaller project-based work for Netcoin, such as coming up with a few mock-ups to present to the community (probably in this thread) to vote on so we have a base for further design. I don't mind doing it over at platinumdigitalreserve.com/forum, but I find the theme really hard to work with over there. I've messaged the admin to try and work on a better theme but haven't heard anything yet. I want to keep pushing forward so I put one up for smaller-project based work as mentioned, as I'm active and intend to stay active on the community project side of things.

The next point I wanted to put forward is it would be really great if we could find out who registered netcointalk.org (05/05/13) and netcointalk.com (01/05/13). I presume both owners are members of this community, so I thought I'd ask to see if someone pops up because those would be great domains for a discussion forum.

Sorry for the long post! I think we have to put up for discussion whether we decide Networkcoin = Netcoin as I think we need to glue and stick with something. Obviously I'm biased towards Netcoin for the reasons listed above and the difference of semantics where net isn't network (although technically it is, but we don't say Internetwork). Anyway, having said that, said that, I am active and ready to develop/host anything people want to see. Just ask! And if something looks or sounds stupid, tell me that too! Cheesy

digicoin
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May 21, 2013, 11:31:50 AM
 #552

I think that you don't need to pay much attention into the domain name. If someone buy netcoin.com already, it is OK. You simply don't need it. USD, Japanese Yen, Vietnam Dong ... have no dedicated domain as well. We are working together to produce a innovative crytocurrency, not a physical business  Smiley

TacoTime is the original author of the idea. Please give him a right to make decision on what is good name for his baby.
toboboto
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May 21, 2013, 12:20:07 PM
 #553

Update:
We have a couple of domains now,
http://www.networkcoin.com/forum/
and
http://netcoin.io/forum/

NetworkCoin would be a really, really nice name for the coin, as good as, or better in many ways. Netcoin is still good, yes, that's awesome, but to match the coin to the name of the domain is very important.

In the real, brick and mortar world, if I said, "I'll give you dollarines for that", well sure, that's real close ... but marketing and branding really demand that if you CAN match the name of your DOMAIN to your, (product-coin), it's a very good thing. To compete in the SEO namespace of "network" would be very nice as well, a doable challenge.

Many people, when trading real value, and taking real risk, having to make a decision IF "netcoin"="networkcoin"="NTC" ... well why take that risk ... at all?
I agree that it is important that the names match. The final audience will not be just a couple hundred crypto fans who would support it even if the domain is different from the coin name. It needs to appeal to a large audience, and having naming congruency will only contribute to that, no matter what the name is.
_ingsoc
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May 21, 2013, 12:24:41 PM
 #554


I think that you don't need to pay much attention into the domain name. If someone buy netcoin.com already, it is OK. You simply don't need it. USD, Japanese Yen, Vietnam Dong ... have no dedicated domain as well. We are working together to produce a innovative crytocurrency, not a physical business  Smiley

TacoTime is the original author of the idea. Please give him a right to make decision on what is good name for his baby.

I completely agree with what you're saying. Unfortunately you can't get a domain name from ICANN without ownership, which makes this stuff a little more complicated. What I propose is that we establish a foundation that can operate the day Netcoin launches so that ownership of the domain may be transferred to that foundation. The foundation's decisions can then be made democratically. I guess it's a different kind of 51% attack if someone owns the domains and refuses to cooperate with people unless some other motive is met (like domain squatting). Probably an overstatement driven by paranoia. Wink

My view is that Netcoin is certainly not a business, but it does require legitimacy and that requires quality control, and that in turn requires people to organise. These are just my personal opinions, by the way, I don't mean to cause any animosity for anyone! I just put some information up in a way that I think works before someone else takes the domain and refuses to coordinate. You know, so that we don't end up with clownpenis.fart for Netcoin's domain because I think the domain will matter then. Grin

1Peter
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May 21, 2013, 12:37:46 PM
 #555

It certainly makes sense for the domain name to match the coin name but it doesn't need to be a .com domain. Maybe when there is a definite decision on the coin name by Tacotime, then get the domain name? It would also make sense for Tacotime to be the registrant of the domain for his coin. Unfortunately people do fall out..
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May 21, 2013, 01:40:51 PM
 #556


It certainly makes sense for the domain name to match the coin name but it doesn't need to be a .com domain. Maybe when there is a definite decision on the coin name by Tacotime, then get the domain name? It would also make sense for Tacotime to be the registrant of the domain for his coin. Unfortunately people do fall out..

That was the idea on my part when I registered it to transfer the domain to his name, but I probably should have done that prior to it coming on here. Also, I do think its worthwhile to consider the democratic approach to anything we need to control as a community (such as domain names, etc.), just in case the sole person who owns it turns into a tyrannical dictator. Cheesy But seriously, we need a structure and direction going forward. The coin is an ideal but we're still people.

digicoin
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May 21, 2013, 07:12:24 PM
 #557

https://bitcointalk.org/index.php?topic=211535.0 Coins with very short block times demonstrate incompetence. Good post  Smiley
sharkbyte093
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May 21, 2013, 09:45:33 PM
 #558

Made a couple logos for Nibble, though I think in retrospect they might be more suited towards Netcoin.



Let me know what you think. Sorry for the rough edges on the diagonals, were first run-throughs to get idea down.

manfred
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May 22, 2013, 07:45:45 AM
 #559

The bottom one is top. The second on is a really good design, gets my vote.
digicoin
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May 23, 2013, 10:10:37 AM
 #560

Any progress or even a plan?
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