ANN Yacoin seems to be released. Current diff 0.001. Now known as Ycoin.

[dreamhouse]

and diff is near zero, garbage

[kzetts]

The addresses start with 4, just like NVC.

[alex_fun]

"blocks" : 10017, anyone can compile and check

[Nadia]

Hence the questions aimed at discovering what network it is connecting to.

Are people losing the coins they thought they had mined, as would happen if for example it managed to connect to the Novacoin net and realise everything it thought it had mined was on an orphan chain?

-MarkM-

It's not novacoin network. It is its own network. They create a new network by only changing the irc channel ... all miners clients connect to it and know each other that way. Quite easy to create a scam money from nowhere. Grab the source code, rename all "*coin" to "yourcoin". Recompile. Done. New network, new blockchain, enjoy.

[alex_fun]

MarkM

Also I mined it for some time and it all seems fine, coins adding up slowly, new stake I presume is POS. Seems like fully working new coin.

   "balance" : 123736.97000000,

Great Success

[markm]

It's not novacoin network. It is its own network. They create a new network by only changing the irc channel ... all miners clients connect to it and know each other that way. Quite easy to create a scam money from nowhere. Grab the source code, rename all "*coin" to "yourcoin". Recompile. Done. New network, new blockchain, enjoy.

Fine until you do happen across a node of the other network.

Then your connection handshake works, you notice blocks do not match, and maybe disconnect each other as naughty nodes or kindly help each other get onto the longest chain, orphaning the other chain...

(For example, someone runs NVC as well as the new clone both behind the same household router. Both connect to an IRC channel. Same IP address and port now appears in both IRC channels. If that port is open to incoming connections the fun begins...)

-MarkM-

[Wolf Rainer]

Really this retards are mining a fake coin and trying to sell it? LOL.

[markm]

Really this retards are mining a fake coin and trying to sell it? LOL.

Isn't that pretty much exactly what (whoeveritwas? some forum or 4chan or something?) used to say about bitcoin?

-MarkM-

[blastbob]

I feel like a retard right now, need sleep.

Anyway i haven't sold shit, i just like the stats

[toork]

WTB pizza for 2000 YAC

[alex_fun]

where pizza goes? the address? Also mining goes on. since yacoin op working on his coin  this coin is renamed into ycoin and housed at https://github.com/algordon/ycoin

enjoy

[freequant]

Also mining goes on. [...]  this coin is renamed into ycoin and housed at https://github.com/algordon/ycoin

And that must be the "switch" part of the bait and switch, where a seemingly unrelated (but strangely insisting) passerby who effectively premined heavily during the confusion proposes to just keep going with that copy of Novacoin.
Or how to make a whole diversion scenario to launch a copycat altcoin with heavy premine while making it look like it was accidental.
Anyway, cheers for the staging, this is the most original altcoin scam scenario I have seen to date.

[GSnak]

Meh I'm not impressed. The "official" release thread will always be the best thing about this coin.

[Joerii]

Also mining goes on. [...]  this coin is renamed into ycoin and housed at https://github.com/algordon/ycoin

And that must be the "switch" part of the bait and switch, where a seemingly unrelated (but strangely insisting) passerby who effectively premined heavily during the confusion proposes to just keep going with that copy of Novacoin.
Or how to make a whole diversion scenario to launch a copycat altcoin with heavy premine while making it look like it was accidental.
Anyway, cheers for the staging, this is the most original altcoin scam scenario I have seen to date.

Very good post !

[Caesar V]

This is such bullshit, won't even bother to download 

[zdarkazn]

Lets see haters like ymer and substrate come in here and flame.

LOL I really created an impression on you didn't I?

and BTW you already are showing your idiocy, this is not the Yacoin yet, and yes difficulty is insanely low and stupid.

I said nothing about Yac. You failed at reading. Simple enough.

[twobits]

Hence the questions aimed at discovering what network it is connecting to.

Are people losing the coins they thought they had mined, as would happen if for example it managed to connect to the Novacoin net and realise everything it thought it had mined was on an orphan chain?

-MarkM-

It's not novacoin network. It is its own network. They create a new network by only changing the irc channel ... all miners clients connect to it and know each other that way. Quite easy to create a scam money from nowhere. Grab the source code, rename all "*coin" to "yourcoin". Recompile. Done. New network, new blockchain, enjoy.

If that is all that was done, it won't work.  At some point you are all in for a surprise if this is true as to all that was changed.
 

[mc_lovin]

launching a coin by "accidental information" by another "innocent" member, and it's already premined to hell = why did you waste your time.  instant scamcoin label.  at least you gave us a head's up on this one, yet it wasn't even publicly released at all and there is no windows binary?

[hanzac]

Please do not spam the craps that are not innovative! This is really silly and waste people's energy.
Everyone here should focus on innovative ideas that will bring a healthier environment for the crypto-coins to grow.

[alex_fun]

It seems many wanted to mine yacoin then his old git came up. Initially people though this is da new coin Then ok it was clear its nova clone. So some decided lets mine it for lulz.

It have been 51% twice yet about to be restored. At least some people took action instead of simply saying nothing released at due day a well. As to premine I did posted fairly early about fact people mining this stuff anyways good to learn and lets see what happens to it.