[ANN] ZenithCoin (ZTC) Market Making Sustainable Crypto Currency

[MaGNeT]

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

A launch that is perceived to be fair is in the best interest of this coin.  

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

[solracx]

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

A launch that is perceived to be fair is in the best interest of this coin.  

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

You and eagle should first pause your mining operations,  allow us to verify the binary and we can negotiate if the coins you have already mined are to be made official.

[MaGNeT]

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

A launch that is perceived to be fair is in the best interest of this coin.  

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

You and eagle should first pause your mining operations,  allow us to verify the binary and we can negotiate if the coins you have already mined are to be made official.

I'm mining PhenixCoin atm, so I already stopped mining I mined 534 blocks and got 10 for free in a giveaway.
And if you doubt the binary, compile and launch your own binary. I will run it in sandbox again and scan it anyway.

If you didn't want a launch, why did you release the source, create a genesis block and state the launch is at the first of june?

It's not that I worry about my 3 hours of mining and 534 lousy blocks that will never be worth a penny because of all the crapcoins that are launched atm.
It's the fact that you made a mistake by stating an already passed date, release the chain to public and then say "oh sorry, mistake, start over!".

Imagine if Satoshi would do that with Bitcoin...

[m3ta]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

[dellstreakone]

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

A launch that is perceived to be fair is in the best interest of this coin.  

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

You and eagle should first pause your mining operations,  allow us to verify the binary and we can negotiate if the coins you have already mined are to be made official.

I got abouyt 2037  blocks >..< and you want to start it again ?

[MaGNeT]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times and fail too

[solracx]

LOL. It is not good to hijack coin from the developer.
Because coin without active developer is dead "a priori".

Agree, not sure why folks are still pushing this hijack idea.

[solracx]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

[MaGNeT]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork

[solracx]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork

Enough of this 'hard fork' charade.    Thank you for test mining ZenithCoin.

[MaGNeT]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork

Enough of this 'hard fork' charade.    Thank you for test mining ZenithCoin.

ZenithCois not at testnet, it's a live coin and you are no longer in charge and / or relevant for it.

You started it but can't stop it, that's the power of crypto currencies and the only reason people have trust in it

[solracx]

The site has some funny tidbits.

One may make a strong case that allocating 50% of shares to miners to be actually overly generous.

Indeed! Miners should also invite "devs" to have dinner at their house, donate some blood to them and, who knows, offer their sisters or wives (make that a AND instead of OR to those truly dedicated to the "cause") as "development donations". </sarcasm>

Security will be built into the code to ensure an ability to charge back purchases within 24 hours.   The main purpose of this mechanism is to prevent coins from being stolen.

Here we go - reverse chargebacks, the Pandora's box of crypto currencies.

That will be fun
So if I pay you, and you pay another one, and that other one pays another one too and my first payment is charged back, will the other transactions be charged back too?

If they do: fail
If they don't: transfer coins to another wallet a few times

You will have to wait for the details of how this is to be done.

It will be removed from the coming hardfork

Enough of this 'hard fork' charade.    Thank you for test mining ZenithCoin.

ZenithCois not at testnet, it's a live coin and you are no longer in charge and / or relevant for it.

You started it but can't stop it, that's the power of crypto currencies and the only reason people have trust in it

There are zero ZTC coins at the moment... All those coins are virtual and a figment of your imagination.  It is just like those guys who tried to sell the BTC testnet coins.

[solracx]

I feel like the hijacked launch would be more fair than trying to restart things.

Letting it ride shows you weren't trying to tune in your setup or planning a major stash or anything shady.

What are your reasons at this point for wanting to start it over?

~richgene

A launch that is perceived to be fair is in the best interest of this coin.  

If some miners want to jump the line, well all I can say is that their coins aren't going to be valid if they tampered with the original source code.

You are not in control and/or relevant for this coin anymore; we took over.

Support this launch or start over with a new coin, it's your choice.

You and eagle should first pause your mining operations,  allow us to verify the binary and we can negotiate if the coins you have already mined are to be made official.

I got abouyt 2037  blocks >..< and you want to start it again ?

Yes, you should read the details about the coin prior to mining.

[richgene]

Honestly you should just ride with the blockchain as it is now or start a new coin.

Just pick a different name, ZenithCoin isn't the end all name. Call it MoonCoin, instead of using the sun in your pictures. Talk about how the tides and crap and you've already got your sales pitch.

ZenithCoin will forever be tarnished.

~richgene

[MaGNeT]

I got abouyt 2037  blocks >..< and you want to start it again ?

Yes, you should read the details about the coin prior to mining.

From your OP:

Launch Date June 1, 2013

http://www.zenithcoin.com

Like it on Facebook https://www.facebook.com/Zenithcoin

STATUS

7:57 AM EST  -  Currently generating genesis block for June 1st, 2013.   Proof of work will be Litecoin compatible.  Difficulty will start at 0.00024414.

I can read, so can others.
Can't even think of a reason why you want to restart, but you can't anyway.

[dellstreakone]

So, is it a scandal ? i will call it "a scandal coin" 

[MaGNeT]

So, is it a scandal ? i will call it "a scandal coin" 

 

[solracx]

So, is it a scandal ? i will call it "a scandal coin" 

No scandal here.  Just a bunch of over zealous miners mining test coins and attempting to make a big deal about it.

[MaGNeT]

So, is it a scandal ? i will call it "a scandal coin"  

No scandal here.  Just a bunch of over zealous miners mining test coins and attempting to make a big deal about it.

Launch Date June 1, 2013

http://www.zenithcoin.com

Like it on Facebook https://www.facebook.com/Zenithcoin

STATUS

7:57 AM EST  -  Currently generating genesis block for June 1st, 2013.   Proof of work will be Litecoin compatible.  Difficulty will start at 0.00024414.

Uhu, when you plan on not telling the complete truth, remove the evidence first

Besides that, you are not able to explain why you want to restart the coin.

It's working, people are mining it, it hashes away, you can still make adjustments in client updates, what's the problem?

And what do we have to expect from the "chargeback feature"?

[solracx]

Yes, the coin is working correctly.   We had corrected the networking issues that we had previously.

The current roadmap for the coin is published here: http://www.zenithcoin.com/?page_id=8

If you miners had not made modifications on the source code,  we would have been inclined to perform a staggered launch.

Anyway, water under the bridge.

Thanks for testing!

We will make official announcement for launch date and time soon.

Expect it to be over the weekend.