old thread - deleted

[NickBack1951]

Can someone help me with wallet sinhronization?
I downloaded last version of  the wallet and still nothing.

[maxpower]

Can someone help me with wallet sinhronization?
I downloaded last version of  the wallet and still nothing.

Try removing your peers.dat file (from the same directory your wallet.dat is in). That and waiting about 10 minutes after launching the wallet solved the problem for me.

[miffman]

Ahhh I see. Thanks

[NickBack1951]

Can someone help me with wallet sinhronization?
I downloaded last version of  the wallet and still nothing.

Try removing your peers.dat file (from the same directory your wallet.dat is in). That and waiting about 10 minutes after launching the wallet solved the problem for me.

It works! Thanks a lot @maxpower!

[claycoins]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

[elambert]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

I appreciate your opinion, however, I disagree.

I am confident that the subsidy halving repeatedly each time half the remaining bullion are mined to be the perfect algorithm for a currency targeted towards the long term investor - the goal from the start. Half the cap will be mined in the first couple of months, 500k bullion, to spark trading and interest. Then the subsidy halves for the next 50k blocks (another couple of months) reducing the influx of CGB to the market causing scarcity to begin to kick in and the price to start to climb. The price increase at this point is what keeps the miners interested. After a couple of more months, another 50k blocks (125k CGB) will be mined, creating another rise in price, increased scarcity and encouraged hoarding. This steady growth in value every couple of months in conjunction with the shrinking subsidy delta, will keep the price growing and miners mining. Throw in the cap of 1 million and the interest of the long term investors, and you have the perfect currency for locking away your crypto investment for the long haul.

[milly6]

5puoxxMb6ApiFSNGieTJP8E669B8VWdSWp

 

Ooh another coin that thinks it can force itself to be rare! Its just going to waste electricity it seems, IMO

[elambert]

5puoxxMb6ApiFSNGieTJP8E669B8VWdSWp

 

Ooh another coin that thinks it can force itself to be rare! Its just going to waste electricity it seems, IMO

Not force itself. It was designed to be rare from the inception of the concept. Regarding your labeling CGB as a waste of electricity, I suppose that is a judgement call that each individual should be free to determine - whether they mine CGB, BTC or any other currency for that matter.

I think you may find yourself to be more of an outlier than the norm in this group if you find crypto-currencies to be a waste of electricity.

Thank you for your contribution though.

[orco#2]

5puoxxMb6ApiFSNGieTJP8E669B8VWdSWp

 

Ooh another coin that thinks it can force itself to be rare! Its just going to waste electricity it seems, IMO

An age old question:

Do you think that it was pre-destined that you would sux de dix, or was it free will?  I believe that it was your decision.

[thekidcoin]

5puoxxMb6ApiFSNGieTJP8E669B8VWdSWp

 

Ooh another coin that thinks it can force itself to be rare! Its just going to waste electricity it seems, IMO

Um rare is rare buddy, what its worth is irrelevant to the fact that it is rare

[thekidcoin]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

?? not true, or even possible where do you get your stats LOL

[claycoins]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

?? not true, or even possible where do you get your stats LOL

ummm.... 60 sec block time it says.  so 60 blocks per hour... 60 x 24 = 1440 blocks per day.  = 1440 x 30days = 43200 blocks/month roughly.
first 50k blocks at 10 coins per block = 500k coins.
2nd 50k blocks at 5 coins per block = 250k coins
3rd 50k blocks at 2.5 coins per block = 125k coins.

If there is only 1million coins total this will be at least 80%.

[thekidcoin]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

?? not true, or even possible where do you get your stats LOL

ummm.... 60 sec block time it says.  so 60 blocks per hour... 60 x 24 = 1440 blocks per day.  = 1440 x 30days = 43200 blocks/month roughly.
first 50k blocks at 10 coins per block = 500k coins.
2nd 50k blocks at 5 coins per block = 250k coins
3rd 50k blocks at 2.5 coins per block = 125k coins.

If there is only 1million coins total this will be at least 80%.

doesn't work that way exactly once difficulty rises and mining adjusts based on profitability.  This coin is mean to store BTC, so if it took 10 years to completely mine, it would be useless with only 1 million coins.  When 80% of the coins are mined, it then because super rare in that only 200K are left.

[claycoins]

I am only reading off what it says in the first post, I have not looked at the code or anything. It says 2 block retargets.
The difficulty is always going to adjust to try and make 60 sec blocks.  Thekidcoin are you the new developer for this coin as this is the same name on the github for the new update?

[mercSuey]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

?? not true, or even possible where do you get your stats LOL

ummm.... 60 sec block time it says.  so 60 blocks per hour... 60 x 24 = 1440 blocks per day.  = 1440 x 30days = 43200 blocks/month roughly.
first 50k blocks at 10 coins per block = 500k coins.
2nd 50k blocks at 5 coins per block = 250k coins
3rd 50k blocks at 2.5 coins per block = 125k coins.

If there is only 1million coins total this will be at least 80%.

doesn't work that way exactly once difficulty rises and mining adjusts based on profitability.  This coin is mean to store BTC, so if it took 10 years to completely mine, it would be useless with only 1 million coins.  When 80% of the coins are mined, it then because super rare in that only 200K are left.

Yes, I like how you're marketing the coin as a rare store of value (ie. Bitcoins) instead of an all-knowing-all-seeing currency.  But then again, I can also see CGB being the coin for high rollers in online casinos. 

[thekidcoin]

I am only reading off what it says in the first post, I have not looked at the code or anything. It says 2 block retargets.
The difficulty is always going to adjust to try and make 60 sec blocks.  Thekidcoin are you the new developer for this coin as this is the same name on the github for the new update?

nah i just fixed the irc thing...

[thekidcoin]

The problem is 80 percent of the coins will be mined within 3 months, I doubt the price will keep up as the reward diminishes very quickly for the miners. 

?? not true, or even possible where do you get your stats LOL

ummm.... 60 sec block time it says.  so 60 blocks per hour... 60 x 24 = 1440 blocks per day.  = 1440 x 30days = 43200 blocks/month roughly.
first 50k blocks at 10 coins per block = 500k coins.
2nd 50k blocks at 5 coins per block = 250k coins
3rd 50k blocks at 2.5 coins per block = 125k coins.

If there is only 1million coins total this will be at least 80%.

doesn't work that way exactly once difficulty rises and mining adjusts based on profitability.  This coin is mean to store BTC, so if it took 10 years to completely mine, it would be useless with only 1 million coins.  When 80% of the coins are mined, it then because super rare in that only 200K are left.

Yes, I like how you're marketing the coin as a rare store of value (ie. Bitcoins) instead of an all-knowing-all-seeing currency.  But then again, I can also see CGB being the coin for high rollers in online casinos. 

Yeah, I mean with a million coins, the goal should be to store quantities of bitcoin in a stable environment.  Because trading will be thin, what you want is a high price, but a stable price VS BTC.  Because you then could store BTC in CGB to avoid large swings in BTC (possibly - a lot of factors come into play), or use it to pay for large transactions and have a much faster confirmation time.

[miffman]

cmon I know this coin is going to set off anytime now 

[elambert]

Mining has been steadily increasing. The difficulty peaks higher each day and holds for about 12 hours and then bottoms out (also higher each day) for the other 12 hours. Interest is growing! Just over 17k blocks until the subsidy halves to 5 CGB per block! I have had a lot of trouble finding sellers on the market. Everyone is holding because they see it is a matter of when, not if this will hit Cryptsy! Keep mining!!!

Also, a reminder, I have donated 100 CGB to the lotto drawing this Sunday (see OP).

[miffman]

more bumps. I really want to get this going.