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mercSuey
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May 30, 2013, 06:59:31 PM |
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Worth Noting: Nothing is stopping developers from taking the ENTIRE 50% of the 'fund' and treating it just like a premine scam, selling the entire stock at market price, keeping the BTC/LTC for themselves and killing off the coin for a profit.
Nothing stops the developers or the miners from selling off the coin. Isn't that what happened to FTC, CHN, etc? Nothing stopped the miners who mined 1.6 million coins in 2 hours at zero difficulty from selling. Of course, what's their incentive on holding on the coin? The 50% split is meant to be a balance, a kind of standoff. The developers trust that the miners will not sell off the coin, the miners trust that the developer do not sell of the coin. Mutual trust, mutual self destruction. The investors however are going to watch the behavior of both parties. If they aren't cooperating, then the coin isn't going to go anywhere. Kind of like a Nash equilibrium. Your logic is flawed. According to the canonical example of the Prisoner's Dilemma, both prisoners (miners and devs) will confess (dump their coins) even when it might seem in their best interest to not confess (dump their coins). The Nash equilibrium is both sides dumping their coins! There will be no waiting and watching the other side because that will cost them if they do. As mentioned above by someone else, nothing is stopping you from dumping your coins, no different if it was premined, instamined, or freaking datamined. By your logic, every shareholder of a stock should sell his holding at the opportunity at an IPO. If the Devs believe their will be value in their contributions, then they will hold. Let us examine a very similar coin, Freicoin with 80% going to the devs... look at the block chain. It is barely spent. If however, if the devs entered in this endeavor in the manner of FTC. Then the devs have no confidence in their ability to improve its worth under than the initial hype. So they sell.... and leave everyone else a bagholder. Both examples are misguided. Stock owners are entitled to future dividend payments, are protected by central governing authorities to oversee accuracy in accounting methods and abuse of executive power, and have a right to vote and participate in a company's decision making process. A zenith coin has nothing even similar to the protection of shareholders of company stock. Freicoin's demurrage forced savers to be spenders even when there is nothing to spend it on. And this was the funny irony for Freicoin, because adoption/usage is the initial problem all altcoins have to solve. Freicoin possesses an additional inherent pressure to gain adoption. Why hold Freicoins and be submitted to demurrage while awaiting merchant adoption to reach some critical mass, especially when there are so many other choices of cryptocoins? Freicoin was an admirable, but flawed model. |
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mercSuey
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May 30, 2013, 07:10:29 PM |
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It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins. Yet, I see no finance team to complement the dev team. You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins? How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out? Congrats, you have invented the open source version of this financial nonsense. Except there is no central governing entity to bail out zenith coin. It will just fail, leaving a wasteful carbon footprint and nothing more. This is laughable. And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects. Your 'market making' activities will have the exact opposite effect of creating incentive for the devs. I repeat, this is laughable.
Let's speak about arbitrage here for a second. Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency. Yes, lets speak about arbitrage. Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model. It shows your inexperience, and quite frankly, immaturity and lack of discipline. Show me your proposed scheme. Is it strictly lateral arbitrage? That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD? And then what happens if BTC runs? You've basically crippled your returns. And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls? And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities? Who's the trading team? Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise? I can go on and on... It is clear the model for your coin is ill-advised. As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses. Not every strategy may work long term. Howwever, this model is much better than any of the other coins that are out there. What value do they provide other than serve as an indirect way to mine BTC or LTC? This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is. It is clear there is no trading team. And it is safe to assume your resume lacks any experience in capital management. A coin is only as good as its devs and their requisite skills. So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin. As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world. But I thank you for the chuckle... We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading. Over time, we may solicit more expertise. But at this time, the core team are mostly software developers. Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right? This is hilarious. Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering. Repay your debtors interest/dividend payments via your trading profits. You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game). Using a cryptocoin for your HFT ops guarantees nothing for either side. At this time we are not at liberty to devulge the nature of the services we are creating. Give it time and you will appreciate the novelty, uniqueness and profitability of the approach. No, no such thing will happen, I assure you. I've seen HFT algorithms in credit markets that would make your head spin. I've conducted my own statistical arbitrage operations in derivative markets. The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us. And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence. |
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solracx (OP)
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May 30, 2013, 07:12:36 PM |
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Worth Noting: Nothing is stopping developers from taking the ENTIRE 50% of the 'fund' and treating it just like a premine scam, selling the entire stock at market price, keeping the BTC/LTC for themselves and killing off the coin for a profit.
Nothing stops the developers or the miners from selling off the coin. Isn't that what happened to FTC, CHN, etc? Nothing stopped the miners who mined 1.6 million coins in 2 hours at zero difficulty from selling. Of course, what's their incentive on holding on the coin? The 50% split is meant to be a balance, a kind of standoff. The developers trust that the miners will not sell off the coin, the miners trust that the developer do not sell of the coin. Mutual trust, mutual self destruction. The investors however are going to watch the behavior of both parties. If they aren't cooperating, then the coin isn't going to go anywhere. Kind of like a Nash equilibrium. Your logic is flawed. According to the canonical example of the Prisoner's Dilemma, both prisoners (miners and devs) will confess (dump their coins) even when it might seem in their best interest to not confess (dump their coins). The Nash equilibrium is both sides dumping their coins! There will be no waiting and watching the other side because that will cost them if they do. As mentioned above by someone else, nothing is stopping you from dumping your coins, no different if it was premined, instamined, or freaking datamined. By your logic, every shareholder of a stock should sell his holding at the opportunity at an IPO. If the Devs believe their will be value in their contributions, then they will hold. Let us examine a very similar coin, Freicoin with 80% going to the devs... look at the block chain. It is barely spent. If however, if the devs entered in this endeavor in the manner of FTC. Then the devs have no confidence in their ability to improve its worth under than the initial hype. So they sell.... and leave everyone else a bagholder. Both examples are misguided. Stock owners are entitled to future dividend payments, are protected by central governing authorities to oversee accuracy in accounting methods and abuse of executive power, and have a right to vote and participate in a company's decision making process. A zenith coin has nothing even similar to the protection of shareholders of company stock. Freicoin's demurrage forced savers to be spenders even when there is nothing to spend it on. And this was the funny irony for Freicoin, because adoption/usage is the initial problem all altcoins have to solve. Freicoin possesses an additional inherent pressure to gain adoption. Why hold Freicoins and be submitted to demurrage while awaiting merchant adoption to reach some critical mass, especially when there are so many other choices of cryptocoins? Freicoin was an admirable, but flawed model. There is a major difference between a statup (w/c this is) and a public company listed in an exchange. The latter has to comply to stricter rules and regulations. I agree that Freicoin is strange, however despite this, the coin is trading above zero. Consider its current market cap, it is not small change. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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solracx (OP)
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May 30, 2013, 07:14:59 PM |
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It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins. Yet, I see no finance team to complement the dev team. You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins? How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out? Congrats, you have invented the open source version of this financial nonsense. Except there is no central governing entity to bail out zenith coin. It will just fail, leaving a wasteful carbon footprint and nothing more. This is laughable. And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects. Your 'market making' activities will have the exact opposite effect of creating incentive for the devs. I repeat, this is laughable.
Let's speak about arbitrage here for a second. Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency. Yes, lets speak about arbitrage. Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model. It shows your inexperience, and quite frankly, immaturity and lack of discipline. Show me your proposed scheme. Is it strictly lateral arbitrage? That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD? And then what happens if BTC runs? You've basically crippled your returns. And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls? And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities? Who's the trading team? Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise? I can go on and on... It is clear the model for your coin is ill-advised. As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses. Not every strategy may work long term. Howwever, this model is much better than any of the other coins that are out there. What value do they provide other than serve as an indirect way to mine BTC or LTC? This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is. It is clear there is no trading team. And it is safe to assume your resume lacks any experience in capital management. A coin is only as good as its devs and their requisite skills. So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin. As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world. But I thank you for the chuckle... We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading. Over time, we may solicit more expertise. But at this time, the core team are mostly software developers. Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right? This is hilarious. Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering. Repay your debtors interest/dividend payments via your trading profits. You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game). Using a cryptocoin for your HFT ops guarantees nothing for either side. At this time we are not at liberty to devulge the nature of the services we are creating. Give it time and you will appreciate the novelty, uniqueness and profitability of the approach. No, no such thing will happen, I assure you. I've seen HFT algorithms in credit markets that would make your head spin. I've conducted my own statistical arbitrage operations in derivative markets. The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us. And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence. You just admitted the lack of sophistication of the crypt-currency market. What that tells me are that there are opportunities using tools that would not work in traditional more mature exchanges. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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eagleEye
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May 30, 2013, 07:24:25 PM |
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If you premines 50 % of coins, staker of your "coin" will become an half of rich than f another coin without 50 % premine. Please, give up this scam. Perhaps if you code an automathic Found Reserve with your own 10.000 BTCs as a counterpart it would be an novelty, but 50 % premined coins it is just an Scamming Reserve. NO offence, just a suggestion  . |
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mr_random
Legendary
 Offline
Activity: 1288
Merit: 1001
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May 30, 2013, 07:26:14 PM |
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It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins. Yet, I see no finance team to complement the dev team. You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins? How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out? Congrats, you have invented the open source version of this financial nonsense. Except there is no central governing entity to bail out zenith coin. It will just fail, leaving a wasteful carbon footprint and nothing more. This is laughable. And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects. Your 'market making' activities will have the exact opposite effect of creating incentive for the devs. I repeat, this is laughable.
Let's speak about arbitrage here for a second. Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency. Yes, lets speak about arbitrage. Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model. It shows your inexperience, and quite frankly, immaturity and lack of discipline. Show me your proposed scheme. Is it strictly lateral arbitrage? That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD? And then what happens if BTC runs? You've basically crippled your returns. And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls? And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities? Who's the trading team? Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise? I can go on and on... It is clear the model for your coin is ill-advised. As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses. Not every strategy may work long term. Howwever, this model is much better than any of the other coins that are out there. What value do they provide other than serve as an indirect way to mine BTC or LTC? This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is. It is clear there is no trading team. And it is safe to assume your resume lacks any experience in capital management. A coin is only as good as its devs and their requisite skills. So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin. As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world. But I thank you for the chuckle... We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading. Over time, we may solicit more expertise. But at this time, the core team are mostly software developers. Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right? This is hilarious. Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering. Repay your debtors interest/dividend payments via your trading profits. You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game). Using a cryptocoin for your HFT ops guarantees nothing for either side. |
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mercSuey
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May 30, 2013, 07:33:19 PM |
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It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins. Yet, I see no finance team to complement the dev team. You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins? How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out? Congrats, you have invented the open source version of this financial nonsense. Except there is no central governing entity to bail out zenith coin. It will just fail, leaving a wasteful carbon footprint and nothing more. This is laughable. And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects. Your 'market making' activities will have the exact opposite effect of creating incentive for the devs. I repeat, this is laughable.
Let's speak about arbitrage here for a second. Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency. Yes, lets speak about arbitrage. Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model. It shows your inexperience, and quite frankly, immaturity and lack of discipline. Show me your proposed scheme. Is it strictly lateral arbitrage? That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD? And then what happens if BTC runs? You've basically crippled your returns. And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls? And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities? Who's the trading team? Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise? I can go on and on... It is clear the model for your coin is ill-advised. As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses. Not every strategy may work long term. Howwever, this model is much better than any of the other coins that are out there. What value do they provide other than serve as an indirect way to mine BTC or LTC? This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is. It is clear there is no trading team. And it is safe to assume your resume lacks any experience in capital management. A coin is only as good as its devs and their requisite skills. So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin. As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world. But I thank you for the chuckle... We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading. Over time, we may solicit more expertise. But at this time, the core team are mostly software developers. Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right? This is hilarious. Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering. Repay your debtors interest/dividend payments via your trading profits. You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game). Using a cryptocoin for your HFT ops guarantees nothing for either side. At this time we are not at liberty to devulge the nature of the services we are creating. Give it time and you will appreciate the novelty, uniqueness and profitability of the approach. No, no such thing will happen, I assure you. I've seen HFT algorithms in credit markets that would make your head spin. I've conducted my own statistical arbitrage operations in derivative markets. The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us. And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence. You just admitted the lack of sophistication of the crypt-currency market. What that tells me are that there are opportunities using tools that would not work in traditional more mature exchanges. ...like I said, it would be irresponsible for anyone to let you PLAY with 50% of their computational electricity. Exploit the inefficiencies with your own capital. Go ask mommy and daddy for a loan if you're so confident of attaining trading profits. Why include everyone in your glorious trading operations with your glorious trading team? Surely you know that regardless of the inefficiencies, the markets always sort themselves out. And the larger the capital, the quicker the arbitrage opportunity will end. It's why small/medium sized hedge funds generally outperform large hedge funds, especially when just starting out. Trust me, the btct.com idea is not a bad idea. Let your profits/interest payments speak for itself and in time you'll be able to have more successful debt offerings. |
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solracx (OP)
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May 30, 2013, 07:38:12 PM |
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Well, at most this guy will do a different PoW, Blake512 Scrypt. https://bitcointalk.org/index.php?topic=219652.0Please, solracxc, tell us how you will implement Blake512 (fixed, dependinf on height... )  . I hope you make what you promised ... Still watching the poll. But looks like Blake512 is the front runner. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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solracx (OP)
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May 30, 2013, 07:40:20 PM |
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It seems to me 'market making' will be the primary activity, other than development projects, for the 50% of coins. Yet, I see no finance team to complement the dev team. You show no credentials or resume, hide behind an avatar like 99.9% of other users on this forum, and somehow we're supposed to be comfortable with the idea your skills as an arbitrageur and capital/finance manager will provide positive ROI for 50% of mined coins? How in the world is this different than banks using deposits so poorly that once the market turns against them (eg. mortgage market) even slightly, they will need a bail out? Congrats, you have invented the open source version of this financial nonsense. Except there is no central governing entity to bail out zenith coin. It will just fail, leaving a wasteful carbon footprint and nothing more. This is laughable. And all transparency will do is allow us to better see you risk assets and, consequently, DESTROY future development projects. Your 'market making' activities will have the exact opposite effect of creating incentive for the devs. I repeat, this is laughable.
Let's speak about arbitrage here for a second. Current crypto markets are extremely inefficient, so any basic level of automation can easily profit out of this inefficiency. Yes, lets speak about arbitrage. Being a former fund manager for over ten years, when you simplify the dynamics of market trading, be it arbitrage or whatever, as a 'basic level of automation,' then I become wary of your business model. It shows your inexperience, and quite frankly, immaturity and lack of discipline. Show me your proposed scheme. Is it strictly lateral arbitrage? That is, will you exchange zenith coins into BTC then transfer coins to mtgox and sell the BTC into USD? And then what happens if BTC runs? You've basically crippled your returns. And what if you need to purchase BTC and you've purchased at the top of said run and BTC falls? And again, what are your credentials to even propose that there's a 'basic level of automation' which can enable arbitrage opportunities? Who's the trading team? Or are the devs, who are supposed to be working on projects, going to have to spend their time doing something outside their level of expertise? I can go on and on... It is clear the model for your coin is ill-advised. As you say, there are clearly some level of risk with regards to arbitradge and a potential to take on loses. Not every strategy may work long term. Howwever, this model is much better than any of the other coins that are out there. What value do they provide other than serve as an indirect way to mine BTC or LTC? This is the third time you've ignored my inquiries into your credentials as a capital manager and the details of who the trading/finance team is. It is clear there is no trading team. And it is safe to assume your resume lacks any experience in capital management. A coin is only as good as its devs and their requisite skills. So to answer your question as to what value do other altcoins provide, apparently the same value of zenith coin. As of right now you're just a seven character string asking everyone to assume your the Warren Buffet of the cryptocoin world. But I thank you for the chuckle... We intent to bring on board an individual experienced in HFT and another individual experienced in Energy Trading. Over time, we may solicit more expertise. But at this time, the core team are mostly software developers. Oh so you plan to use the 50% for your own HFT operations and yet we're supposed to take the published trading records in good faith, right? This is hilarious. Here, do yourself a favor, get this trading team of yours together, whip up a trading business model, go to btct.com and file for a debt offering. Repay your debtors interest/dividend payments via your trading profits. You'll see this is more viable and your fiduciary duties and obligations will be contractual (though still not legally binding, since btct.com makes it clear everything is virtually a game). Using a cryptocoin for your HFT ops guarantees nothing for either side. At this time we are not at liberty to devulge the nature of the services we are creating. Give it time and you will appreciate the novelty, uniqueness and profitability of the approach. No, no such thing will happen, I assure you. I've seen HFT algorithms in credit markets that would make your head spin. I've conducted my own statistical arbitrage operations in derivative markets. The cryptocoin infrastructure is in no way, shape or form at the level of sophistication of corporate stock and debt markets. All you're doing is defining another nasty carbon footprint for the rest of us. And it would be irresponsible for anyone to let you 'play' with 50% of our computing electricity without proper due diligence. You just admitted the lack of sophistication of the crypt-currency market. What that tells me are that there are opportunities using tools that would not work in traditional more mature exchanges. ...like I said, it would be irresponsible for anyone to let you PLAY with 50% of their computational electricity. Exploit the inefficiencies with your own capital. Go ask mommy and daddy for a loan if you're so confident of attaining trading profits. Why include everyone in your glorious trading operations with your glorious trading team? Surely you know that regardless of the inefficiencies, the markets always sort themselves out. And the larger the capital, the quicker the arbitrage opportunity will end. It's why small/medium sized hedge funds generally outperform large hedge funds, especially when just starting out. Trust me, the btct.com idea is not a bad idea. Let your profits/interest payments speak for itself and in time you'll be able to have more successful debt offerings. Not exactly sure what you are arguing for here. Anyway, we both know that current alt-currencies are floawed in that they only serve as proxy to mining BTC or LTC. So clearly something different, like ZentichCoin has the potential to shake things up. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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eagleEye
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May 30, 2013, 07:43:30 PM |
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Well, at most this guy will do a different PoW, Blake512 Scrypt. https://bitcointalk.org/index.php?topic=219652.0Please, solracxc, tell us how you will implement Blake512 (fixed, dependinf on height... ) . I hope you make what you promised ... Still watching the poll. But looks like Blake512 is the front runner. when are going you to coding flavour scrypt PoW if launching is 1 Jun? Plesae, close the poll and start to coding now!!!!!!!! |
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solracx (OP)
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May 30, 2013, 08:19:33 PM |
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Well, at most this guy will do a different PoW, Blake512 Scrypt. https://bitcointalk.org/index.php?topic=219652.0Please, solracxc, tell us how you will implement Blake512 (fixed, dependinf on height... ) . I hope you make what you promised ... Still watching the poll. But looks like Blake512 is the front runner. when are going you to coding flavour scrypt PoW if launching is 1 Jun? Plesae, close the poll and start to coding now!!!!!!!! The coin is designed to easily use any scrypt. We are leaning towards Blake 512 to create some stickiness with the initial miners. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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May 30, 2013, 08:37:16 PM |
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No
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solracx (OP)
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May 31, 2013, 12:45:47 PM |
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No
Definitely going to be more profitable than mining WDC. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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oroqen
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June 02, 2013, 06:47:07 AM |
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 Launch Date June 1, 2013....  |
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FaT
Member
Offline
Activity: 74
Merit: 10
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June 02, 2013, 10:59:48 AM |
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Lol, what a fail launch. He seems to have checked in the important bits of code already: https://github.com/zenithcoin/ZenithCoinDoesn't appear to by anything stopping people from compiling it themselves. |
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Hydroponica
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Activity: 182
Merit: 100
fml
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June 02, 2013, 11:20:11 AM |
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Anything special about it?
Use Google. Thats a shitty response, tbh |
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solracx (OP)
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June 02, 2013, 12:37:42 PM |
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Lol, what a fail launch. He seems to have checked in the important bits of code already: https://github.com/zenithcoin/ZenithCoinDoesn't appear to by anything stopping people from compiling it themselves. That is correct, all the code is checked in already and has been tested in a test box for both testnet and regular network. Anyone could on theory start mining if they compile the code themselves. At this time, any changes will involve just network parameters. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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solracx (OP)
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June 02, 2013, 12:41:27 PM |
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Anything special about it?
Use Google. Thats a shitty response, tbh No it is not. Google will return you www.zenithcoin.com at the top of the list. "DigitalCoin" on the other hand is completely absent on the first page. |
ZenithCoin - Sustainable Scrypt Based Crypto Currency
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e521
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June 02, 2013, 12:42:52 PM |
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Anyone could on theory start mining if they compile the code themselves. At this time, any changes will involve just network parameters.
and that means? ... |
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