[ANN][NOICO]Suicide Coin | FULL POW | Scrypt [COMMUNITY]

[Gandalf86]

So, finally i found what is going to be the suicide protocole :

- Once the total coin supply hits 5 million SCD. the POW will stop.
- The blocks will be generated using POB (proof of burn) but burning other coins.
- Each month will be a vote on the next to be burned coins.
i.e: MONEY will die soon, ECHO is dead, but they are still in the exchanges, we will issue a vote including all these kind of coins in the wallet, and the winner will be burnt during the month, in exchange of the burn, SCDs will be generated at the rate of 1 coin = 0.0001-0.00001 SCD depending on the value of SCD's value on exchange.

This will be the suicide protocole, it will help to clean some of the dead coins in the exchanges, while moving our coin forward. The Coin supply won't change. At 50% coin supply, we will activate the protocole for SCD in order to equilibrate the coin.

So who will claim the reward for the whitepaper contest? If this is your own idea (it pretty much sounds like it), then this would be considered unfair because you can't just announce a contest with a reward, and then say "oh look I submitted my own whitepaper to myself and I decide that I won the contest, so I'll just keep the reward!!"   That's not how it works dude.

If no better ideas than mine have been submitted to you, I'd be happy to claim the promised 10.000 SCD.   You should already have my address (or PM me). Of course you are then free to use your own idea instead, anyway.

[jacko0088]

I'd be happy to claim the promised 10.000 SCD.   You should already have my address (or PM me).

Dat luky ass! Give something to the little jackminer on that pool too! 

[scam_exposer]

This is just another worthless shitcoin.

[Gandalf86]

This is just another worthless shitcoin.

Did you even read the thread? Dev is writing his own wallet for this so it's definitely more than "worthless" because there will be a valuable contribution.

[martob]

No, i asked for a white paper, it is WP contest but your idea is so close to my own idea, can you complete it with a full white paper ? But we can work on it together, i am open to help anyone here if you have any question. The reward is still there, so don't worry.

I'd be happy to claim the promised 10.000 SCD.   You should already have my address (or PM me).

Dat luky ass! Give something to the little jackminer on that pool too!  

Send me your address if you want somme

So, finally i found what is going to be the suicide protocole :

- Once the total coin supply hits 5 million SCD. the POW will stop.
- The blocks will be generated using POB (proof of burn) but burning other coins.
- Each month will be a vote on the next to be burned coins.
i.e: MONEY will die soon, ECHO is dead, but they are still in the exchanges, we will issue a vote including all these kind of coins in the wallet, and the winner will be burnt during the month, in exchange of the burn, SCDs will be generated at the rate of 1 coin = 0.0001-0.00001 SCD depending on the value of SCD's value on exchange.

This will be the suicide protocole, it will help to clean some of the dead coins in the exchanges, while moving our coin forward. The Coin supply won't change. At 50% coin supply, we will activate the protocole for SCD in order to equilibrate the coin.

been a few coins with the apparent motivation of killing other coins, or converting old bagholders into new bagholders,
the motivation is potentially useful.

how will you manage the new distribution of SCD once other coins are burned?
through distribution of existing coins (such as premine) or forking to re-enable PoW ?
or perhaps modifying the PoS reward schedule ??


an obvious question is whether you will reward burners, then you will require funds and how will you get them?

- For now, i am more absorbed by the wallet, she will be a full SCD wallet with five functions :
* DashBoard:
1- Add coin
2- Vote
3- Exchange
4- Mining
5- Block explorer

1-What is add coin ?
Anyone can propose a coin with a github link to the source, at the condition to be dead coins still listed on exchanges.
As soon as 10 coins are added i will add them to the wallet.
2-What is vote ?
It will be about the 10 added coins, 1 vote is equal to 10.000 Coins (of the 10 to be voted), the withdrawals won't be possible for these coins, his wallet will be credited by X amount of coin sent (not SCD). It will last 5 days. The 5 coins with less votes will be totally burned.
3- What is exchange ?
It will be around the 5 most voted coins, they will be traded for SCD the rate will be decided by the owners, like in any exchange, during 5 days, after this the remaining coins will be burned to let the next 5 coins to be exchanged.
4- A simple mining interface (button) warning !!! it may suicide your PC XD
5- Block explorer, i don't need to explain.


The objective :

It may bring coins back to life from the Altcoins cemetry, you can check yobit's page, it is very long as they have 700 coins exchangeable, and 600 of them are just dead.
Reduce the totaly coin supply of dead coins in the exchanges, in order to clean some.
Meanwhile, i will work on the upgrade of the SCD source to adapt, add, modify it following what will be present in the white paper.

PS: SCDs won't be burned by the wallet.

I will take a fee of 0.1% of each traded SCD (only) as i will need it to fund the development.

[martob]

This is just another worthless shitcoin.

Did you even read the thread? Dev is writing his own wallet for this so it's definitely more than "worthless" because there will be a valuable contribution.

Yes, thank you Gandalf
The only problem is that it takes time 

[jacko0088]

10.000 coins for a single vote?
I'm a miner with my own rig, mine 10k should be something like....uhm..15 days mining  

[leepfrog]

This is just another worthless shitcoin.

Such wisdom, thank you young man. So you believe it will have no worth at all?

[Gandalf86]

No, i asked for a white paper, it is WP contest but your idea is so close to my own idea, can you complete it with a full white paper ? But we can work on it together, i am open to help anyone here if you have any question. The reward is still there, so don't worry.

Well I'm a computer scientist myself, writing a complete white paper would require 50 hours at least or 1500€ worth of work, I'm pretty sure that 10k SCD's will not be worth that effort. I submitted to you my idea, the abstract, that's all I can give here, but I guess nobody here would write a white paper for some small bounty.

PS: SCDs won't be burned by the wallet.

That's just what was my idea, so how can you say that the ideas are very similar?   Rather, they seem to be mutually exclusive that's why I was confused by your proposition for the Suicide protocol. (btw. I also like my idea more but that's up for you to decide lol)

[jacko0088]

ps: who jumped in with a trillion of mhs?

we just can't hit the block 9858 with the current hashrate..ypool doesn't find a block from 13 hours now...
Peoples just don't understand how mining/value works.

_____________________________________________

An example below:
_____________________________________________


There are 3 miners! John, Ted and Frankie.

John is mining at 10 mhs
Ted is mining at 8 mhs
Frankie is mining at 11 mhs

This is pretty fair, basically same amount of hashrate per miner, the difficulty remain stable and the chain continue to work. Everyone gains LOT of coins in the long run!

_____________________________________________

At some points another miner, let's call him Idiot, see the low hashrate and jump in with 800 mhs

What happens in the Idiot head---> "I'll mine more coins than the others, I'll become rich selling those coins because I will have more to sell before others!"

What happens in real --> John, Ted and Frankie see that they're not gaining any coin. They shut down the mining equipment. When Idiot stop mining, the chain will stop too, because none is mining and the whole chain is stopped due the high difficulty.--->mining this coin is not worth anymore, buy orders disappear --> The coin slowly go to cemetery


_____________________________________________

It's math, idiot.

 

[kreatoralex]

What now, stop mining coins?

[jacko0088]

What now, stop mining coins?

We need to solve a block left with high difficulty compared to miners. Just wait..

Someone mined with more than 1 ghs and stopped the chain. Just wait, my little buddies can break the block 

[Gandalf86]

Am I the only one who often gets this error on startup?

Error opening block database.

Do you want to rebuild the block database now?

[jacko0088]

Am I the only one who often gets this error on startup?

Error opening block database.

Do you want to rebuild the block database now?

Nope, I got it too, rebuild all..

[jacko0088]

trying to break the block with other friends... 

[jacko0088]

Got the 9859! 
Going for the next

[martob]

Got the 9859! 
Going for the next

Thanks

yes, there is a small problem with the TXs in the database, i know it is annoying, but the blockchain won't be bothered, i will take care of it later, the most emergent point now is the new wallet, so i have to put the pressure on it.

[sulfurtank]

 

Appreciated by Cryptopians

Awesome welcoming from the Cryptopia community

Not sure what I just read but cryptopia sucks ass. Schoolboys in the chart prove it better than anticipated.

Sulfurtank Your a positive prick who seems to like ass. Grow up

LMAO suck my cock, fucking newbie. I dont have a penny to help u with ramping up ur life.

[sulfurtank]

Got the 9859! 
Going for the next

Thanks

yes, there is a small problem with the TXs in the database, i know it is annoying, but the blockchain won't be bothered, i will take care of it later, the most emergent point now is the new wallet, so i have to put the pressure on it.

Theres much more bigger problem here brother. Chain has been stalled for 30 hours now and it does seem that its gonna move forward this week. Noobs were rushing for quick buck when diff was low and spoiled the party by connecting a malicious node to the original suicide bootnode. Lol forget. U wont understand this. We will talk later when u get used to this space and start seeing at least 10% of what I see.

[martob]

Got the 9859! 
Going for the next

Thanks

yes, there is a small problem with the TXs in the database, i know it is annoying, but the blockchain won't be bothered, i will take care of it later, the most emergent point now is the new wallet, so i have to put the pressure on it.

Theres much more bigger problem here brother. Chain has been stalled for 30 hours now and it does seem that its gonna move forward this week. Noobs were rushing for quick buck when diff was low and spoiled the party by connecting a malicious node to the original suicide bootnode. Lol forget. U wont understand this. We will talk later when u get used to this space and start seeing at least 10% of what I see.

You can check the blockchain, it is moving, now on block 10082.
The problem is more that people are dumping it on cryptopia, and i know about this, by the way, i premined 100k coins worth of 10 days mining, and i don't ask for anyone's money. the premine is still there.