New Coin Launch: Miner's Coin: Nuggets (NUGs)

[r3wt]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

[givara]

I wish you all the luck in the world

[Vlad2Vlad]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I would love to but if it leaks I'm screwed - surprise is the little thing I've got left to get people to want to mine this coin. 

[r3wt]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I would love to but if it leaks I'm screwed - surprise is the little thing I've got left to get people to want to mine this coin. 

ah, no prob. this will be an ooen or closed source release?

[Vlad2Vlad]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I'm sorry, did you say I copied your economic principles?  Or your ideas?  I have no ideas what ideas were yours.  I asked on an open forum for ideas to make the miners coin something they would want but as for the economic VGB protocol I thought if that out of thin air cause it made sense.  Cause I wished it existed when I was hopelessly trying to mine a POS litecoin.  Such a protocol would have given me a chance and made mining litecoin more fun.

[Vlad2Vlad]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I would love to but if it leaks I'm screwed - surprise is the little thing I've got left to get people to want to mine this coin. 

Well, it has to be open source to succeed, right.  Which I know means everyone can copy VGB if they think its worth copying.   Guess that's best for everyone else and sucks for me.
ah, no prob. this will be an ooen or closed source release?

[PerfectAgent]

What's even the point of a miner's coin?

[Hydroponica]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.

Since when is a clonecoin something that needs to be built up by the developer? If it does take off in popularity, the lack of pre-mine isn't an issue because it's popular. If it doesn't take off in popularity, then he can mine legitimately and pay people with his monopoly money to advertise his coin if he wants.

+1

If the coin is as good as advertised, there will be a race to set up a pool as the first pool gets all the hashes and will rake in the fees.  No bounty needed in this case.  Popular coin will get community support, a la DGC (zero premine) and all bounties come from dev pockets and community donations.

-tb-

I love DGC, and it was a noble thing you did, paying all that out of your own pocket. But, it shouldn't have to come out of your own pocket. A Dev fund should be premined. Use it all for development and promotion, if you wish. People say, oh, they should just mine it like everyone else. But what they don't understand, is everything they mine, goes towards their own personal gain, while a coin, with no premine, the dev has to invest everything they mine, back into the coin, to make it successful, and, they have to pay their power bill, out of their own pocket. At the very least, Dev fund should be premined, and any coins the dev mines, should rightful be his, to hold or profit from, or what ever, just like everyone else who is mining it. Any one who disagrees, well, I don't really cate.

[r3wt]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I'm sorry, did you say I copied your economic principles?  Or your ideas?  I have no ideas what ideas were yours.  I asked on an open forum for ideas to make the miners coin something they would want but as for the economic VGB protocol I thought if that out of thin air cause it made sense.  Cause I wished it existed when I was hopelessly trying to mine a POS litecoin.  Such a protocol would have given me a chance and made mining litecoin more fun.

no, the way you describe your coin led me to believe you might have read my theory on the bitcoin bubble and how to neutralize it through scalable block rewards. i may or may not have posted it in the "catholic coin" thread. either way, i don't care, you need to chill and quit tripping. everyone thinks you are a douche acting like a douche.

[Vlad2Vlad]

What's even the point of a miner's coin?

To give small miners a small edge.  Many give up when they see how little they stand to make.  That's not right.

[Vlad2Vlad]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.

Since when is a clonecoin something that needs to be built up by the developer? If it does take off in popularity, the lack of pre-mine isn't an issue because it's popular. If it doesn't take off in popularity, then he can mine legitimately and pay people with his monopoly money to advertise his coin if he wants.

+1

If the coin is as good as advertised, there will be a race to set up a pool as the first pool gets all the hashes and will rake in the fees.  No bounty needed in this case.  Popular coin will get community support, a la DGC (zero premine) and all bounties come from dev pockets and community donations.

-tb-

I love DGC, and it was a noble thing you did, paying all that out of your own pocket. But, it shouldn't have to come out of your own pocket. A Dev fund should be premined. Use it all for development and promotion, if you wish. People say, oh, they should just mine it like everyone else. But what they don't understand, is everything they mine, goes towards their own personal gain, while a coin, with no premine, the dev has to invest everything they mine, back into the coin, to make it successful, and, they have to pay their power bill, out of their own pocket. At the very least, Dev fund should be premined, and any coins the dev mines, should rightful be his, to hold or profit from, or what ever, just like everyone else who is mining it. Any one who disagrees, well, I don't really cate.

Thank you so much.  That's why I went with the 1% premine but half of that 1% goes immediately for bounties  for block explorers, pools, etc.  and my half of 1% will be in a wallet everyone can keep an eye on, I will not sell a single coin and its possible ill just give it all away if it looks like there's urgent work that needs to be done.  This is not a short term thing for me, I keep saying that but people are deaf.  I want this to work for the long term.

Thanks so much for being reasonable - most people here only think about themselves.  Maybe it's because too many hack devs came thru here  pumping and dumping their coins.  I'm not that guy.   You will all see.

[Vlad2Vlad]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I'm sorry, did you say I copied your economic principles?  Or your ideas?  I have no ideas what ideas were yours.  I asked on an open forum for ideas to make the miners coin something they would want but as for the economic VGB protocol I thought if that out of thin air cause it made sense.  Cause I wished it existed when I was hopelessly trying to mine a POS litecoin.  Such a protocol would have given me a chance and made mining litecoin more fun.

no, the way you describe your coin led me to believe you might have read my theory on the bitcoin bubble and how to neutralize it through scalable block rewards. i may or may not have posted it in the "catholic coin" thread. either way, i don't care, you need to chill and quit tripping. everyone thinks you are a douche acting like a douche.

No, sorry, but your theory sounds pretty good.  I'd love to read it sometimes.  Are you an economist as well?

This VGB protocol is different than scaling.  But I'm not sure how it will work out in real life since it can get weird once programmed.  That's why I wanna pay another programmer with experience to take a second look.   I don't want to ruin a good theory by some bug or programming error.  

[Vlad2Vlad]

I've been trying to do a good thing for all miners and I've used 99% of their input even where I didn't like it. And in return they all attacked me like rabid dogs.

So I'm sorry but my patience is running thin.  I thought you were one of them now trying to say I stole your idea.  I apologize.

[r3wt]

Difficulty is going to skyrocket really quickly, won't that push out small miners, and favor the bigger miners? What's the max diff adjustment for this coin? 400%?
I'm sorry that they suckered you into doing this coin, with nothing for yourself to build it with. Unless you pay out of your own pocket, it will be days before someone sets a pool up for it, if anyone does one at all. You need a pre mine, you need coins, to pay people to set services up quickly. With such a rapidly increasing difficulty, it is paramount that you get a pool set up, ASAP, or it will fizzle and die.
I wish you luck though, man, its a noble idea

+1 well said. almost sounds like he tried to copy me economic principals and apply it to a POS coin.

That's exactly want I did because this is money.  What better way to make a better coin than to apply economics and finance to it.  Wait and see, if this executes probably, if it was programmed right then it's gonna be beautiful for the little miner but for everyone else too.

well thats the point of open source. i'm glad you found my ideas useful and i'm anxiously awaiting this coin. grant me a sneak peak at the vgb protocol??

I'm sorry, did you say I copied your economic principles?  Or your ideas?  I have no ideas what ideas were yours.  I asked on an open forum for ideas to make the miners coin something they would want but as for the economic VGB protocol I thought if that out of thin air cause it made sense.  Cause I wished it existed when I was hopelessly trying to mine a POS litecoin.  Such a protocol would have given me a chance and made mining litecoin more fun.

no, the way you describe your coin led me to believe you might have read my theory on the bitcoin bubble and how to neutralize it through scalable block rewards. i may or may not have posted it in the "catholic coin" thread. either way, i don't care, you need to chill and quit tripping. everyone thinks you are a douche acting like a douche.

No, sorry, but your theory sounds pretty good.  I'd love to read it sometimes.  Are you an economist as well?

This VGB protocol is different than scaling.  But I'm not sure how it will work out in real life since it can get weird once programmed.  That's why I wanna pay another programmer with experience to take a second look.   I don't want to ruin a good theory by some bug or programming error.  

well i must admit, i'm a bit puzzled about VGB. once you've released i'll ask again in pm. maybe you can enlighten me a little bit. not because i want to steal your idea, but i invest(buy from the dev) in coins i think have a future. ) i probably be willing to buy 1000 atleast.

[iGotSpots]

I was interested in this at first. But now that the premine shit is 0% then 1% then 5% then 11% then 0% in an announce thread then 1% two posts later...can't say I'm even gonna touch this one. Best of luck to those that do but I see this "dev" throwing a bitch fit next week and giving up on it completely

[PerfectAgent]

Two things. First is that putting so much focus on miners will undermine a currency. They secure the network sure, but that is for the purpose of an economy that functions on trade (ie an actual economy). Essentially, what will make tue coin useful is everything except mining. Also, changing your mind over and over while maintaining yourself as the only dev with this system will erode trust, and fast.

[Vlad2Vlad]

Two things. First is that putting so much focus on miners will undermine a currency. They secure the network sure, but that is for the purpose of an economy that functions on trade (ie an actual economy). Essentially, what will make tue coin useful is everything except mining. Also, changing your mind over and over while maintaining yourself as the only dev with this system will erode trust, and fast.

Before launching anything there's a process of brainstorming.  That's what this was.  I had people saying sure 10% is great.  Then some flipped out so I dropped it to 5%.  Some said great but then some said flipped so I dropped it to 1%.  Then again people had a cow so I removed that too.

Then my programmer said that was plain stupid and I needed at last a small premine.

I have been changing my mind - as much as I've been listening to the people I'm trying to build this coin for and there was never a strong consesus.

If you think that's untrustworthy then that's your prerogative.  Go find another dev that gives a shit about what you people think.

And for r3wt, What exactly do you want to pay 1,000 for?  I don't get it?  VGB will be free since its open source.  I won't charge you anything for it if it turns out to be a good thing and it doesn't go haywire once put into practice.

[Vlad2Vlad]

And the focus is on miners cause they're the 99%, and they should have some sort of advantage.  That's all VGB is,- small advantage but everyone befits even the big miners.  As long as it works properly since none of these programmers have worked with anything like it before so its hard to say if it will perform as expected. 

So my focus is on the miners only as far as leveling the playing field a bit end making mining less of a flatline experience but that's for everyone who mines.  Mining should be a bit more fun and rewarding and hopefully VGB will have that effect.

[Vlad2Vlad]

R3wt, check you PM.

[Vlad2Vlad]

The coin is 99% ready to launch.

The second programmer I wanted to do a second look at the code isn't responding so I may just launch this as is.  Hopefully the VGB Protocol won't throw everything into crazy land.  Since it is something no programmer has had to work with yet.  

We'll see.

I'll explain VGB as soon as I launch it.  It's scrypt but but with no PoS as PoS wouldn't work with athe VGB protocol but its fine, the diff is covered and so far the test run is looking flawless.  I think all miners will be excited to see VGB hit their screens.