thesnoo23
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Activity: 56
Merit: 0
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May 14, 2013, 05:50:08 AM |
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Well, here's my thoughts. People, myself included, have started arguing a lot about deflationary vs inflationary coins, aka hard cap with set block reward drop at given intervals vs not dropping the reward or possibly increasing it. There's a whiny little tiff amongst us about which would be most successful both long and short term. Obviously, all you need to release a new coin is code and a genesis block, so. Who wants to do a socioeconomic experiment?  |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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kibu
Newbie
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Activity: 55
Merit: 0
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May 14, 2013, 05:59:19 AM |
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I like the concept, I like the announcement and that you give it some time to launch. I say to all the naysayers: if you're not interested, then don't clog and bump up the thread each time you post nonsense.
Keep up the good work Hazard, I'm a believer.
Name idea: TimeCoin
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Ignore@YourPeril
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May 14, 2013, 06:06:05 AM |
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What is the function for the decreased payout, most importantly for anything below the target time of 5 minutes?
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MyZhre
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May 14, 2013, 06:25:50 AM |
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Total number of this coin will be ... ?
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NXT: 13997163105778396158
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KrLos
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May 14, 2013, 07:11:30 AM |
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fali!!!!!!!
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Hazard (OP)
Legendary
Offline
Activity: 980
Merit: 1000
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May 14, 2013, 07:12:02 AM |
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Total number of this coin will be ... ?
Approximately 42 trillion. |
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wesjuhnl
Member
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Activity: 112
Merit: 10
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May 14, 2013, 07:12:07 AM |
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Scammer dont trust he ruined elacoim
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Btc: 1BxeYiGGk64tCsotMwVhepVcAfoRRsR81k
Ltc: LanjQbwLhYSQkQbyuy5KDCEP6bmakZJd2V
Yac: YN5gfrrgupTN76m787YfDf2GNVRvxR67Ge
Ftc: 6efpCJD7mkEe79U4gzq6oEsAvnZGJub1Dj
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TheSwede75
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May 14, 2013, 07:13:36 AM |
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FAILED SCAMMER NOW TRYING TO MAKE IT LOOK LIKE A JOKE, AFTER BEING CAUGHT SABOTAGING ELACOIN AND PRE-MINING 1300 BLOCKS! SCAMMER TAG PLEASE!
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TheSwede75
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May 14, 2013, 07:14:30 AM |
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Total number of this coin will be ... ?
Approximately 42 trillion. Gotto love how you NOW try to make it seem like it was a joke the whole time, AFTER you are caught pre-mining and sabotaging another coin launch. Ha ha, pathetic scammer. |
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Hazard (OP)
Legendary
Offline
Activity: 980
Merit: 1000
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May 14, 2013, 07:15:00 AM |
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Total number of this coin will be ... ?
Approximately 42 trillion. Gotto love how you NOW try to make it seem like it was a joke the whole time, AFTER you are caught pre-mining and sabotaging another coin launch. Ha ha, pathetic scammer.You don't seem to understand what that word means. I suggest you don't use it. And the 42 trillion is a serious number. Count on it. |
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mat5x
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May 14, 2013, 04:43:06 PM |
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Hazard,
what happened witht he prerelease of elacoin, where you were given the source to create a winbin, but then a block chain premine of ~1.5k coins appeared?
Explain that as Im sure anyone using your coin will want to know exactly what occurred.
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Praxis
Legendary
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Activity: 1118
Merit: 1004
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May 14, 2013, 04:58:49 PM |
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Timecoin already exists noobs.
He can use another name for "Time" though ... like the ancient Greek word khronos
So Chronocoin
You're welcome.
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LittleDigger
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May 14, 2013, 05:38:11 PM |
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Most of the names suck... Even "Bitcoin"..
I know that I'll catch flak for saying it, it might be fine amongst geeks and cryptocurrency enthusists,but your average person on the street just doesn't like the sound of the name.. It doesn't sound official, It doesn't sound like something you'd discuss on wall street, It doesn't sound right in a bank ( I know I had a conversation with my bank manager about cryptocurrencies ) and it sure as hell doesn't sound right coming out of the presenter on the finnacial news show... and wide spread adoption is the aim after all...
So why not call it something that does sound a little more professional... like "Global Trading Credit(s)"
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kochmann799
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May 14, 2013, 05:40:25 PM |
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I love how we just get this good idea about how to deal with premines and stuff and everyones like "BUT HE SABOTAGED ELACOIN OH GOD HES A SCAMMER!", like srsly ppl just replaced "premine" with whatever accusations they have. Whatever happened it's in between shake and him, so go and put your 2 cents on some other part of the internet. xD
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Former Editor of the LTC/CNC Exchange
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qiuness
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May 14, 2013, 05:45:00 PM |
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oh the name.. oh..
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eule
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May 14, 2013, 05:51:48 PM |
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Some good ideas in here. Timecoin sounds good too. The coin art could contain this latin sentence too: tempus fugit  |
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Hazard (OP)
Legendary
Offline
Activity: 980
Merit: 1000
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May 14, 2013, 06:09:10 PM |
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Hazard,
what happened witht he prerelease of elacoin, where you were given the source to create a winbin, but then a block chain premine of ~1.5k coins appeared?
Explain that as Im sure anyone using your coin will want to know exactly what occurred.
I was given the source of elacoin to compile, which I did, fired up the client, and found that a 1360 blockchain (see: premine) existed. I posted on the forums about it and dumped the source. See page 22 of the original thread. Not much else to see there, really. |
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mat5x
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May 14, 2013, 06:18:05 PM |
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Most of the names suck... Even "Bitcoin"..
I know that I'll catch flak for saying it, it might be fine amongst geeks and cryptocurrency enthusists,but your average person on the street just doesn't like the sound of the name.. It doesn't sound official, It doesn't sound like something you'd discuss on wall street, It doesn't sound right in a bank ( I know I had a conversation with my bank manager about cryptocurrencies ) and it sure as hell doesn't sound right coming out of the presenter on the finnacial news show... and wide spread adoption is the aim after all...
So why not call it something that does sound a little more professional... like "Global Trading Credit(s)"
I like the part where the global trading credits were used to pump and dump trillions in mortgages, no one went to jail, and even the foreclosure process is kicking the wrong people out of their houses, and even the govt gave up trying to clean up the mess. Yes banks are entirely trustable. Like that time in Cyprus when they froze all the accounts then took a %age of everyone's savings to save the banks and the economy from their mismanagement... examples abound. |
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dentldir
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May 14, 2013, 06:21:08 PM |
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I also was sent the source. Saw the PM 5 minutes before launch. By the time I got it running, it was around 5000 blocks. People were pounding that thing like it owed them money. Then I got accused of being the preminer.
I punted due to what Hazard aptly described as "Drama Llama" in another thread.
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1DentLdiRMv3dpmpmqWsQev8BUaty9vN3v
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