[ANN][YAC] yacoin: yet another altcoin. START is now.

[monokaskade]

Code:

n 4 change at 1367991200, hash genesis = 00000034ccf5ed55e98b2ccd30e0d9d65075c25ce4c2907fd1022c727cd20100, 1000 hashes took 3623670
n 5 change at 1368515488, hash genesis = bae623aca0111a2da3e81771c1210855e5d2c7ae193dcce3bee1d172fbfe74a2, 1000 hashes took 5396803
n 6 change at 1368777632, hash genesis = 28f69d59f1fb9820d7ccf50ffcdd7139bbcec53e7bdddc53ccd8386b23adfbfe, 1000 hashes took 8916306
n 7 change at 1369039776, hash genesis = dba5220b4e8561aa6442e1cb3a71193773d125b3bf6b6110c057f47c269a24fd, 1000 hashes took 16050595
n 8 change at 1369826210, hash genesis = 1289dbbf448bcec0f1351e14057f5c4dbe6fb915550061a6479f3c814fccea2a, 1000 hashes took 30496128
n 9 change at 1370088353, hash genesis = c427574042bb6f714fd8cd92b4bec837405e84579a10e4a54a8e97f0fa7896a1, 1000 hashes took 59264958
n 10 change at 1372185506, hash genesis = 42772bc63306f536d39f74e3c7d16dbf20ef54b7b7a9ec13b1e2e4830d7019c1, 1000 hashes took 116954210
n 11 change at 1373234081, hash genesis = 6e65e4b7289a1432d7fa9e2f846cc636da3510c409ec5dbbba881fe9a415a8fa, 1000 hashes took 232182547
n 12 change at 1376379808, hash genesis = b1fd8c42e0df1b12bce63a0a9a48695d0030ae6fb3081936c6916e343965fdaa, 1000 hashes took 463267458
n 13 change at 1380574112, hash genesis = 8d2f9cc3add7d012d49b84de09419ad991be4e2e32a723c88edd6ee5d901824e, 1000 hashes took 935167153
n 14 change at 1384768416, hash genesis = 7e677544bf6ad75ad3d14082715d9eb8a542c1814118a27d24ca08b136441cb0, 1000 hashes took 2009044222
n 15 change at 1401545632, hash genesis = f4e9240ee4c12b189af5ca0d82ec999b9cd23b07ace64e2b2c101288b9db74b7, 1000 hashes took 5958212379
n 16 change at 1409934240, hash genesis = a33f8a4981cda07638ea36c95e387861abc38dc185dc42a5ea38ec5b245be6c6, 1000 hashes took 13182223485

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[bitdwarf]

The N assignment + dynmic hashing looks good to me

I've gone thru the code too and I didn't see any obvious bug, but I'm neither a cryptocoder nor I code in C++, so I'd love to get specific pointers to any flaws (and to learn from them!)

[eule]

Does luke-jr have a history as altcoin analyser? His post is very short...
-edit- The hero member obviously means he has contributed some things and the projects in his sig suggest he's a good dev. Just saying I doubt his analysis was thorough.

[relm9]

Does luke-jr have a history as altcoin analyser? His post is very short...

He's a developer on Bitcoin. Granted, I'm not saying his claims are valid or anything. I simply posted it because it seemed to go overlooked earlier and thought it would be worth discussing among people that understand the source.

[eule]

Ofcourse thanks for posting it, now noticed he's a rather famous person here. Still think it seems he just quickly looked through it, which may be enough if his claim holds true.
Guess we'll have to wait and see what happens. 

[xibeijan]

this coin is better for decentralization, because servers are available at any time to anyone who can afford them (asics keep the power in the hands of the few)

Agreed.


So far YAC's "IPO" on bter.com has been very successful and quite different than that of CNC and FTC.

1) FTC and CNC both opened high and closed low.

 * YAC opened low and is currently just above the price it opened at.  Suggesting strength and also a good buy (since it opened low).  I think the next 24 hours will see YAC trading at twice what it is now.

2) FTC and CNC had nothing behind them technologically, no upcoming events which could cause a rally or continued interest in them

 * YAC has dynamic N factor and upcoming events when the N-factor will change and difficulty will drop, giving CPU miners some incentive to mine.

Date of interest

May 14, N=64, 8Kb
May 17, N=128, 16Kb
May 20, N=256, 32Kb
May 29, N=512, 64Kb
...

And it keeps going until GPUs don't have enough memory.

So, I am extremely bullish on YAC.  And I think the current price is a way early buy in point.

[xibeijan]

YAC is doing quite well on bter.com

[bitdwarf]

Guess we'll have to wait and see what happens. 

(Source)

[josiasrdz]

this coin is better for decentralization, because servers are available at any time to anyone who can afford them (asics keep the power in the hands of the few)

Agreed.


So far YAC's "IPO" on bter.com has been very successful and quite different than that of CNC and FTC.

1) FTC and CNC both opened high and closed low.

 * YAC opened low and is currently just above the price it opened at.  Suggesting strength and also a good buy (since it opened low).  I think the next 24 hours will see YAC trading at twice what it is now.

2) FTC and CNC had nothing behind them technologically, no upcoming events which could cause a rally or continued interest in them

 * YAC has dynamic N factor and upcoming events when the N-factor will change and difficulty will drop, giving CPU miners some incentive to mine.

Date of interest

May 14, N=64, 8Kb
May 17, N=128, 16Kb
May 20, N=256, 32Kb
May 29, N=512, 64Kb
...

And it keeps going until GPUs don't have enough memory.

So, I am extremely bullish on YAC.  And I think the current price is a way early buy in point.

So eventually mining yacoins is going to require a lot of ram?

[mr_random]

Does luke-jr have a history as altcoin analyser? His post is very short...

He's a developer on Bitcoin. Granted, I'm not saying his claims are valid or anything. I simply posted it because it seemed to go overlooked earlier and thought it would be worth discussing among people that understand the source.

He is extremely biased against all alt-coins. He executed a 51% attack that killed BBQ when it launched and has an extremely negative stance towards Litecoin. He's well known for this...

[eule]

Well that's interesting. Altcoinkiller wanting to badmouth new altcoin.  
Luke-Jr, feel free to come forward with a more thorough explanation why N is not dynamic.
Mining BQC too atm.  51% my ass.

[Kruncha]

Well that's interesting. Altcoinkiller wanting to badmouth new altcoin.  
Luke-Jr, feel free to come forward with a more thorough explanation why N is not dynamic.
Mining BQC too atm.  51% my ass.

BQC & YAC? - you need to see this https://bitcointalk.org/index.php?topic=203342.0

K.

[eule]

BQC & YAC? - you need to see this https://bitcointalk.org/index.php?topic=203342.0

K.

[Balthazar]

Does luke-jr have a history as altcoin analyser? His post is very short...

He's a developer on Bitcoin. Granted, I'm not saying his claims are valid or anything. I simply posted it because it seemed to go overlooked earlier and thought it would be worth discussing among people that understand the source.

He's one from developers team. Also known as BTC fundamentalist.

Few months ago he released patch for NVC client, in order to make chain fork starting from block #5500. We all know the results.

Even a genius can make a fool of himself, if he dedicated himself for irrational emotions.

[jomay]

Ofcourse thanks for posting it, now noticed he's a rather famous person here. Still think it seems he just quickly looked through it, which may be enough if his claim holds true.
Guess we'll have to wait and see what happens.  

Luke-Jr analysis was complete bollocks (edit: GB-english for bullshit). He did not even bother to look closely. I have disproved him here:
https://bitcointalk.org/index.php?topic=200170.msg2125796#msg2125796

[bitdwarf]

Luke-Jr analysis was complete bollocks. He did not even bother to look closely. I have disproved him here:
https://bitcointalk.org/index.php?topic=200170.msg2125796#msg2125796

There's a YAC tip going your way, sir.

[eule]

Thanks, looks good to a non dev like me.  
I guess if this coin really was broken, we'd have heard by many other coders by now too.
[tinfoilhat]
Maybe luke has recognized the potential of this coin and tried to discredit it.
[/tinfoilhat]

-edit- sent small tip too 

[xibeijan]

Firts trading platform to introduce YAC is Bter.com

www.bter.com/trade/yac_btc

Wow - that got to the exchange quick.  Anyway, I'm glad it can be traded more easily now.

However, the primary goal is to get merchants using YAC.

No merchant will accept YAC or any other coin except BTC just like that. YAC network and community must show they stand behind the coin, not jump off it as soon as yet
another idiot releases pointless altcoin. There are too many cryptocoins out there right now, so if you expect YAC to become something special you should work on it becoming
something special. Just pointing your hashpower into it makes no difference really. Coin supply will be the same regardless of hashrate given that hashpower is constant for
long period of time.

It was community efforts what made BTC what it is today.

Well said.  People should unite to make YAC all it can be.  I've used it and I love it.  The transaction speedup _is_ a big deal for consumers.  You know what they say, "time is money".

Adue

[jomay]

Does luke-jr have a history as altcoin analyser? His post is very short...

He's a developer on Bitcoin. Granted, I'm not saying his claims are valid or anything. I simply posted it because it seemed to go overlooked earlier and thought it would be worth discussing among people that understand the source.

He's one from developers team. Also known as BTC fundamentalist.

Few months ago he released patch for NVC client, in order to make chain fork starting from block #5500. We all know the results.

Even a genius can make a fool of himself, if he dedicated himself for irrational emotions.

So Luke-Jr engages in sabotage? Shocking!

I read pretty negative things about Luke-Jr before. It seems like there is a major feud between ckolivas (the original author of cgminer) kano and Luke-Jr. You might subsume that the latter did some forking/stealing of code without credits etc. See here, e.g.

In effect, Con has decided that CGMiner will become/live on (how long?) as a de facto hostile fork of BFGMiner (which has continuity of maintenance). I'm disappointed Con has chosen to severe cooperation between CGMiner and BFGMiner, but I hope to continue pulling as many improvements from CGMiner as possible

How can he even dare to claim that CGMiner is the hostile fork and pull as many improvements from CGMiner? He is even contradicting himself there!

I am not happy at all seeing all this greed, stealing, FUD-ing and scamming in this altcoin forum. But what should I expect if reputation is counted in number of posts...

There's a YAC tip going your way, sir.

Thank you, Sir!

[xibeijan]

YAC price on bter.com overtakes CNC.  No surprise.

Can't wait to see what happens between now and May 14th.