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Author Topic: TrueCoin <-- coin with moderate inflation  (Read 5348 times)
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chris200x9
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April 25, 2013, 07:30:39 PM
 #41

any ETA on this?

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Malawi
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April 25, 2013, 07:55:36 PM
 #42

Would it be possible to make the blocks at 1 min intervals?

Reason is that if transactions are carried by blocks, the transaction time goes down.

BitCoin is NOT a pyramid - it's a pagoda.
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April 26, 2013, 05:07:49 PM
 #43

ETA : some day in the future... Wink

So far we plan 2 min intervals between
 PoW blocks , if there will be PoS
 blocks (this is still unclear)
 the average time will "skewed" towards
 1 min...

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 26, 2013, 05:51:53 PM
 #44

Would it be possible to make the blocks at 1 min intervals?

Reason is that if transactions are carried by blocks, the transaction time goes down.

The risk of a mined block by a miner getting orphaned increases though.

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April 26, 2013, 06:36:00 PM
 #45

We have simulated emission in TrueCoin :
http://pastebin.com/yTqNtzwN

What do you think about percentage between
 neighboring years ?
-----
And finally we have good idea regarding
 name for the TC :
http://en.wikipedia.org/wiki/Sampo






"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 26, 2013, 06:55:35 PM
 #46

This is interesting. I wish I had more computer power for all the different altcoins!

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digicoin
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April 26, 2013, 07:16:55 PM
 #47

It is an interesting ideas for a real alt coin. I keep reading this thread with a great interest
Malawi
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April 26, 2013, 10:02:25 PM
 #48

Would it be possible to make the blocks at 1 min intervals?

Reason is that if transactions are carried by blocks, the transaction time goes down.

The risk of a mined block by a miner getting orphaned increases though.

I have not quite gotten why it is necessary to orphan blocks. Would it not have been more natural to either split the coins or reenter the block?

It might be possible to reduce the amount of orphan blocks by letting a client/pool "call dibbs" on a block, and then be allowed to be the only one who mines at that block for x time. If the block is not solved by x time, someone else gets to try.

BitCoin is NOT a pyramid - it's a pagoda.
Ukigo
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April 27, 2013, 03:38:01 AM
 #49

@Malawi

Your second paragraph sounds unsafe for us.
We prefer to keep as much vetted/tested
 solutions from Satoshi-client "as is"
 as we can Smiley
 THink of it like "alloy of innovations
 with caution"

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 27, 2013, 04:38:31 AM
 #50

"There will be some premine" ?
Why don't you just say 'We will start the coin with 'scam' stamped on it.
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April 27, 2013, 05:08:30 AM
 #51

This is a very interesting coin philosophically. It's in the class of "Redistribution of Wealth" coins like:

FreiCoin - Demurrage based coin
UDivCoin - Universal Dividend based coin  (see: https://bitcointalk.org/index.php?topic=796.0)

Those two coins are polar opposite implementations of the same basic idea. "Spending money encourages growth."

TrueCoin is like a twisted version of to Universal Dividend. It represents a "Miner Only" Dividend coin. I guess that's for people who invest their time and efforts in making the coin possible. The only rational name for the coin I can see is the obvious.

InvestorCoin - Takes value from everyone. Gives it to mining peer node operators.

To turn this coin into Universal Dividend would require every alive human to run a mining node of approximately equal hashing power. That could be done, but it sounds a bit redundant, heavy on bandwidth, and wasteful of resources.


EDIT: I linked this thread here. https://bitcointalk.org/index.php?topic=179918.msg1878011#msg1878011
Trying to build an index of people working on coins they hope will have a stable value. [StableCoin]
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April 27, 2013, 07:09:55 AM
 #52

TrueCoin is like a twisted version of to Universal Dividend. It represents a "Miner Only" Dividend coin. I guess that's for people who invest their time and efforts in making the coin possible. The only rational name for the coin I can see is the obvious.

An extended (to smoothly allow billions of people as receivers of generated coins) form of how DeVCoin works could do a "universal dividend".

You could maybe use a heirarchic pyramid of "receiver" files, to allow billions of people receiving coins without the clients having to directly deal with the full lists of all citizens of all nations on the planet.

So maybe for example put nations' national coffers into the receivers lists proportionally to their populations, then leave the actual splitting up of each nations' citizens' coins among the actual citizens to the national adminstrations.

90%, or whatever percent you can manage while still compensating miners for the dirt cheap task of merged-mining the coin, goes to the "receivers" instead of to the miners. Ultimately all people recognised by their nation as actual people eventually get some coins, provided they are responsible enough as citizens to ensure that they do not place into power over them, or tolerate in power over them, a government that fails to ensure each and every citizen gets their appropriate share of that nation's share of the universal dividend...

Not sure what to do about dictatorships etc - is there is any truth in the notion the people get the government they deserve?

-MarkM-

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April 27, 2013, 07:28:48 AM
 #53

@TheSwede75
Read the LATEST predraft( and not the first
 (now obsoleted)).
We still unsure about premine's necessity.
If trolls will be pedaling "premine issue"
, we'll take steps to undermine them
 with "undermine".
 In fact we are NOT upset at all
 (cuz we are coldblooded AIs )  Wink

@Red
 THank you !
We have'not seen that UdivCoin thread.
Time to correct our mistake.

@markm
You have an interesting ideas,
about "how to distribute coins in
a fair and proportional manner world-wide".

But to use this in TC, we likely
 should fork DevCoin (instead of PPC).

We are somewhat confused with internals of
 DVC.
What weak points DevCoin has in your opinion ?

Dictators and the peoples "that deserved them" - yes, this a natural selection's force in the action.






"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 27, 2013, 07:31:46 AM
 #54

ETA : some day in the future... Wink

could you be a bit more specific? Smiley

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Ukigo
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April 27, 2013, 10:13:09 AM
 #55

>>> more specific...
 ~ 1000 B.C or maybe this summer,
  if somebody will donate something Huh

"...Enemies are everywhere ! Angka is all rage ! Be a good soldiers, blow everything... " <-- Pol Pot (C)
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April 27, 2013, 10:27:50 AM
 #56

>>> more specific...
 ~ 1000 B.C or maybe this summer,
  if somebody will donate something Huh

Donation? For changing 0.001% of the Satoshi code.

Do it free. For the good of the community.

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April 30, 2013, 05:50:50 PM
 #57

Any update on this?
Ukigo
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April 30, 2013, 06:27:52 PM
 #58

https://bitcointalk.org/index.php?topic=157994.0;all
Russian thread is more up to date
most of the time...

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