ConstCoin - the best coin ever!

[Come-from-Beyond]

I'm proud to announce the best coin ever - ConstCoin.
While folks were arguing what is better - inflation or deflation - and launching coins with different inflation/deflation rates, I devised a coin which total supply is constant. No inflation, no deflation, no problems.

This coin has some kewl features:

1. It's 100% premined, but noone will blame me that it's a scam, keep reading and u'll get why.
2. Its total supply is exactly 1 (one) CC (stands for ConstCoin), but it's infinitely divisible. So if u used to think in direction 1 -> [infinity], u should try other direction, 1 -> 1/[infinity]. It's the same as switching from infinity of macrocosm to infinity of microcosm.
3. Lifetime of the coin is limited and controlled by math. When the time comes someone will launch next generation of the coin, this will be the beginning of a new epoch. I can't even imagine features that new coin will have!

Now more details...

The very 1st block will have 1 CC assigned to an address controlled by me. Yes, it's 100% premine. When someone finds a block he will get part of the total supply. This part depends on difficulty of the found block. Difficulty is measured as 2^256 minus generated 256-bit number. If the miner gets 3/4 of 2^256, then he gets 1/4 of the total supply to his address. In our case those who found 2nd block would get 0.25 CC and my balance would become 0.75 CC. Next block must have difficulty LOWER than difficulty of a previous block. Let's imagine that the 3rd block is 1/2 of 2^256. It means that the miner gets 1/2 of the total supply, so we have 0.375 CC on my account, 0.125 CC on the account of someone who mined 2nd block and 0.5 CC on the account of the last miner. I hope u got the idea. When someone finds a block with all zeros ("0" 256 times) - GAME OVER, time to launch next generation of the coin. It's unlikely this will happen during next 100 years but this definitely will happen somewhere in the future.

If u think about economy based on this coin u will notice that it's unprofitable to hoard coins. This is a very neat feature, it means that such an economy will do its best to make money to "work". Looks very promising.

PS: I can't provide the software right now, 1st I'd like to get feedback. Perhaps I'll change something...

Yup, it's a joke.

[Come-from-Beyond]

Seems ppl already glutted themselves with altcoins. 

[digicoin]

I want to trade 100 000 000 ChinaCoin (CHNCoin), the best scam coin for 1 ConstCoin.

[seleme]

Probably because these fake threads are more annoying than new coin each day ones  At least one can make some fast buck with real new coins 

[Come-from-Beyond]

I want to trade 100 000 000 ChinaCoin (CHNCoin), the best scam coin for 1 ConstCoin.

U should spend this 1 CC as fast as possible, coz next block later u'll have less than 1.

[digitalindustry]

I'm proud to announce the best coin ever - ConstCoin.
While folks were arguing what is better - inflation or deflation - and launching coins with different inflation/deflation rates, I devised a coin which total supply is constant. No inflation, no deflation, no problems.

This coin has some kewl features:

1. It's 100% premined, but noone will blame me that it's a scam, keep reading and u'll get why.
2. Its total supply is exactly 1 (one) CC (stands for ConstCoin), but it's infinitely divisible. So if u used to think in direction 1 -> [infinity], u should try other direction, 1 -> 1/[infinity]. It's the same as switching from infinity of macrocosm to infinity of microcosm.
3. Lifetime of the coin is limited and controlled by math. When the time comes someone will launch next generation of the coin, this will be the beginning of a new epoch. I can't even imagine features that new coin will have!

Now more details...

The very 1st block will have 1 CC assigned to an address controlled by me. Yes, it's 100% premine. When someone finds a block he will get part of the total supply. This part depends on difficulty of the found block. Difficulty is measured as 2^256 minus generated 256-bit number. If the miner gets 3/4 of 2^256, then he gets 1/4 of the total supply to his address. In our case those who found 2nd block would get 0.25 CC and my balance would become 0.75 CC. Next block must have difficulty LOWER than difficulty of a previous block. Let's imagine that the 3rd block is 1/2 of 2^256. It means that the miner gets 1/2 of the total supply, so we have 0.375 CC on my account, 0.125 CC on the account of someone who mined 2nd block and 0.5 CC on the account of the last miner. I hope u got the idea. When someone finds a block with all zeros ("0" 256 times) - GAME OVER, time to launch next generation of the coin. It's unlikely this will happen during next 100 years but this definitely will happen somewhere in the future.

If u think about economy based on this coin u will notice that it's unprofitable to hoard coins. This is a very neat feature, it means that such an economy will do its best to make money to "work". Looks very promising.

PS: I can't provide the software right now, 1st I'd like to get feedback. Perhaps I'll change something...

Yup, it's a joke.

man, I was just happy suggesting that the Government should issue the mined coin in the "Save the starving Africans with Cryptocoin" thread.

but you really put energy into that..., I'm not sure if I'm impressed or disturbed ?

  

[Come-from-Beyond]

man, I was just happy suggesting that the Government should issue the mined coin in the "Save the starving Africans with Cryptocoin" thread.

but you really put energy into that..., I'm not sure if I'm impressed or disturbed ?

  

Heh. This coin is better. If u don't mine, u actually LOSE coins. This is a revolution in Economy!

[digitalindustry]

actually i love it , donate?

[digitalindustry]

i only want one , the one you have. LOL

[jt7382]

These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP.

[de_xt]

These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP.

+1

[Come-from-Beyond]

These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP.

+1

Um, right. I'll fix this.

[mkmen]

These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP.

too much drama 

[Come-from-Beyond]

These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP.

too much drama 

Reminds me http://www.youtube.com/watch?v=316AzLYfAzw...

[digitalindustry]

These fake threads are stupid. We need to ban people that keep abusing the [ANN] tag.

Go away OP.

+1

that's one angry pump and dumper !

[digitalindustry]

We need to ban people that keep abusing the [ANN] tag.

I agree leave ANN alone she's a hot piece of ass !

[digitalindustry]

aaaaaand that's 100 ! yay !

[Come-from-Beyond]

aaaaaand that's 100 ! yay !

Congrats.

[digitalindustry]

aaaaaand that's 100 ! yay !

{nodding and thanking}

Thank you, and you , yes you too, yes thank you....

[digitalindustry]

aaaaaand that's 100 ! yay !

Congrats.

i'm nearly as bored as you - i should go do something lol

Have a great day/night !!

PM me later if you like - i'm working on an idea for sCRypt. Cheers !