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Author Topic: TrueCoin <-- coin with moderate inflation  (Read 5347 times)
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Buffer Overflow
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April 22, 2013, 07:13:17 PM
 #21

We'll DISTRIBUTE 90+% of the premined coins
for free !
Only 90%? What happens to the other 10%?

No premining and they get distributed automatically anyway.

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Praxis
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April 22, 2013, 07:27:22 PM
 #22

@ALL complaining about premine...
Premine is GOOD (almost as good as greed !)

We'll DISTRIBUTE 90+% of the premined coins
for free !
You do like free lunch, or don't you ?!
Just enjoy coins' windfall ! Wink

Also , please we'll broke that pattern of yours,
 (THIS IS INFLATIONARY COIN),
so, nothing to hoard...
Spend TC as fast as you can !
-----
About "good" and "evil" members...
Trolls are NOT good members... Wink





Thought your project was promising until you made this post.
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April 22, 2013, 07:36:00 PM
 #23

There is no free lunch !
Someone should pay for premined coins.
so 10(or maybe less %%) we can
 safely leave to yourself.
As a reward.
Say, we'll have 1000000 coins premined.
and after 33 years all coins in the fork
 : 33x10^7 (compare this with silly
 100000 coins (<-- our reward)).
It's fair , or not  ?

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 22, 2013, 07:38:35 PM
 #24

You do like free lunch, or don't you ?!
Just enjoy coins' windfall ! Wink

There is no free lunch !

This going from bad to worse.  Cheesy

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April 22, 2013, 07:39:37 PM
 #25

@ALL complaining about premine...
Premine is GOOD (almost as good as greed !)

We'll DISTRIBUTE 90+% of the premined coins
for free !
You do like free lunch, or don't you ?!
Just enjoy coins' windfall ! Wink

Also , please we'll broke that pattern of yours,
 (THIS IS INFLATIONARY COIN),
so, nothing to hoard...
Spend TC as fast as you can !
-----
About "good" and "evil" members...
Trolls are NOT good members... Wink





Thought your project was promising until you made this post.


+1

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Ukigo
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April 22, 2013, 07:47:44 PM
 #26

@Praxis
>>> Thought your project was promising until you made this post.

Excuse our imperfect sense of humor !

Maybe you still confusing this coin
with Bitcoin and deflationary BTC-sisters ?!
We all should spend our TrueCoins.
So OUR premine will be spent too.

@Overflow
This is known as "paradoxal thinking"...
Tomorrow we'll decide what to do with you in this thread. Wink

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 22, 2013, 07:48:15 PM
 #27

Everything about this sounds interesting, but the second you premine any coins, you will lose credibility, and ruin the economic chances of the coin.

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April 22, 2013, 07:52:49 PM
 #28

@Overflow
Tomorrow we'll decide what to do with you in this thread. Wink

Looking forward to it. Huh

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April 22, 2013, 07:58:05 PM
 #29

2dblink
But our friend tacotime disagrees with you.
See his MC2 thread.

---
All this debating about
 "premined scam" is SOOO boring...
After some time most annoying posts
about premine only we'll delete.

Please be more constructive Wink
Or we'll delete this topic as a whole...

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 22, 2013, 08:20:13 PM
 #30

You shouldn't get upset over minor things (miner things?)  Premine is not an important or enduring feature of the coin -- in the long run, what difference does it make?  Plus, if you think about it, merely announcing on this forum lets everyone go and mine their own coins.  I don't mean to criticize, but that sounds more fun to me, like an Easter egg hunt.  Just look at the big splash that some other new currencies made around here without premining.  They start with a bang!  Anyway, as a founder you will be there mining your own coins along with the rest of them.  Nothing prevents this.
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Litecoin is right coin


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April 22, 2013, 10:52:44 PM
 #31

.

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April 22, 2013, 11:50:41 PM
 #32

This thread just got kinda sad.   Cry  Oh well, on to the next AltCoin.

What did we learn from this one?
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April 23, 2013, 06:56:22 AM
 #33

Ok. )
We;ll play by your rules trolls !

Since this post all NEW posts about
"premine unfairness" we'll delete...

And then we won't premine truecoins... Wink



"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 23, 2013, 07:12:12 AM
 #34

I'm interested premine or not, mostly because of the different algo.
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April 23, 2013, 09:08:35 AM
 #35

Ok. )
We;ll play by your rules trolls !

Since this post all NEW posts about
"premine unfairness" we'll delete...

And then we won't premine truecoins... Wink




Oh dear. Now centralized censorship. You asked what the community thought. We told you. Sorry it's not what you wanted hear.

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April 23, 2013, 11:07:07 AM
 #36

I am interested in this coin too. I like the proposal for a different algorithm. Count me in for the premine!!  Roll Eyes Roll Eyes

Behold the Tangle Mysteries! Dare to know It's truth.

- Excerpt from the IOTA Sacred Texts Vol. I
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April 23, 2013, 11:50:58 AM
 #37

Praxis
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April 23, 2013, 12:26:06 PM
 #38

First of all: congratulations on listening to us and decided against doing a premine! You will not regret this decision.

The reason we recommended you not to premine wasn't because we wanted to troll your coin. I want your coin to be successful, that's why I gave you what I thought was constructive criticism. We've seen the effects premine has on reputation. I personally think NovaCoin (Scrypt/PoS) was a very interesting concept, but because of the premine, it lost some of its reputation. Now I don't discuss whether this is right or wrong. It's just how it is. It is a fact: premines negatively affect a coin's reputation. If you choose to ignore this fact, then do, and suffer the consequences. No trolling here. I wish you all the best, that's why I also participated in your "coin name" contest.
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April 23, 2013, 01:41:02 PM
 #39

First of all: congratulations on listening to us and decided against doing a premine! You will not regret this decision.

The reason we recommended you not to premine wasn't because we wanted to troll your coin. I want your coin to be successful, that's why I gave you what I thought was constructive criticism. We've seen the effects premine has on reputation. I personally think NovaCoin (Scrypt/PoS) was a very interesting concept, but because of the premine, it lost some of its reputation. Now I don't discuss whether this is right or wrong. It's just how it is. It is a fact: premines negatively affect a coin's reputation. If you choose to ignore this fact, then do, and suffer the consequences. No trolling here. I wish you all the best, that's why I also participated in your "coin name" contest.


+1

An altcoin isn't just about making changes, then releasing. You must win the support of the community to be successful.

Nice to see a fresh change to a new algorithm idea.

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April 24, 2013, 10:29:27 AM
 #40

Here will be posted more recent draft
of TrueCoin Oqam UMM whatever :

[Pre_Draft #1]
Features :

 (0) 2 min between blocks on average.

 (1) PPC/NVC smooth difficulty adjustment
 for every block.

 (2) PoS generation will be turned off.

 (3) There will be some "undermine",
 distributed in exchange for OVER9000 tokens of another cryptocoin (by your choice)to evil
 forum members only.

 (4) bounty will be calculated like this :
 Reward = Sqrt( difficulty ),
  and THEN Reward will be adjusted in such
 a way, that every year money supply
 will increase +2% or +3%

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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