j-Coin information thread

[seqa]

watching

[oroqen]

YAC isn't GPU resistant, so how is your clone going to change that and for how long before someone modifys one as in the case with YAC.

[barwizi]

 

[bybitcoin]

How can you be sure if your jcoins are (and will be) GPU resistant? (math proof, computational evidences...what?)
Litecoin also meant to be a gpu-resistant, but it didn't remain so. You should try to explain how yours won't be so.

[Fablio2]

I think that the "only processor" currency is not good, because botnet owners will receive a lot of coins (and they will dump). At the same time, there is no botnet with a lot of graphics cards.
Best option: only the processors first time, but in month maximum -  appearance of GPU-mining.

[markm]

First mass-produce ASICs for your new coin, dirt cheap USB miners $5 each or something.

Only once those are ready to ship is vast quantities release the coin they are to mine.

Or, separate distribution of the coins from securing the ledger/transactions, such as by using Ripple (once it becomes open source) method to secure it and the kind of "CPU mining" described at http://www.devtome.com/doku.php?id=cpu_mining to distribute the initial full number of coins ever to be minted.

-MarkM-

[HabbyGab]

Hyped

[xibeijan]

Finally a decent altcoin.

[DogtownHero]

I think that the "only processor" currency is not good, because botnet owners will receive a lot of coins (and they will dump). At the same time, there is no botnet with a lot of graphics cards.
Best option: only the processors first time, but in month maximum -  appearance of GPU-mining.

That is a good point Fablio. essentially the main reason i decided to work with YAC over the more recent QRK. plus i really like the stake features of YAC, but i can't tell if they are just remnants of PPCOIN code(looks like it to me) or what the deal is with that. Everyone else, i will be answering your questions in due time. I must be on my way. Got a yard to mow and some data to review later. if every thing goes to plan i should switch from testnet over to mainnet this evening and release the coin. I plan on doing what kimoto did and making only the binary available initially... worked out good for MEC, don't see what it could hurt really. For simplicity sake, i will be providing 3 downloads:

- windows installer package( created with click team installer)
- example conf file
- zipped binaries for those who don't trust the installer package.

[qwep]

I think that the "only processor" currency is not good, because botnet owners will receive a lot of coins (and they will dump). At the same time, there is no botnet with a lot of graphics cards.
Best option: only the processors first time, but in month maximum -  appearance of GPU-mining.

That is a good point Fablio. essentially the main reason i decided to work with YAC over the more recent QRK. plus i really like the stake features of YAC, but i can't tell if they are just remnants of PPCOIN code(looks like it to me) or what the deal is with that. Everyone else, i will be answering your questions in due time. I must be on my way. Got a yard to mow and some data to review later. if every thing goes to plan i should switch from testnet over to mainnet this evening and release the coin. I plan on doing what kimoto did and making only the binary available initially... worked out good for MEC, don't see what it could hurt really. For simplicity sake, i will be providing 3 downloads:

- windows installer package( created with click team installer)
- example conf file
- zipped binaries for those who don't trust the installer package.

and the approximate release date of the coin, because I have a midnight yard

[xibeijan]

Pfff.... Botnets want to make money just like anyone else.  Therefore, they won't be fools and just dump it.  They will hold for profit like anyone else.

Thus, your argument doesn't seem to hold water.

[xibeijan]

I think that the "only processor" currency is not good, because botnet owners will receive a lot of coins (and they will dump). At the same time, there is no botnet with a lot of graphics cards.
Best option: only the processors first time, but in month maximum -  appearance of GPU-mining.

That is a good point Fablio. essentially the main reason i decided to work with YAC over the more recent QRK. plus i really like the stake features of YAC, but i can't tell if they are just remnants of PPCOIN code(looks like it to me) or what the deal is with that. Everyone else, i will be answering your questions in due time. I must be on my way. Got a yard to mow and some data to review later. if every thing goes to plan i should switch from testnet over to mainnet this evening and release the coin. I plan on doing what kimoto did and making only the binary available initially... worked out good for MEC, don't see what it could hurt really. For simplicity sake, i will be providing 3 downloads:

- windows installer package( created with click team installer)
- example conf file
- zipped binaries for those who don't trust the installer package.

This is starting to suck really hard.

Two big errors.

1) Releasing binary only - Booo.... MAN we need to review the source!
2) No linux binary?  - Booo.... If so, then that would essentially be a windows premine.

I hope you reconsider and do the right thing.

[tytanick]

This is starting to suck really hard.

Two big errors.

1) Releasing binary only - Booo.... MAN we need to review the source!
2) No linux binary?  - Booo.... If so, then that would essentially be a windows premine.

I hope you reconsider and do the right thing.

xibeijan is right !
if for some reason you dont want to release sources, at least build linux sources - i can help with that

[DogtownHero]

This is starting to suck really hard.

Two big errors.

1) Releasing binary only - Booo.... MAN we need to review the source!
2) No linux binary?  - Booo.... If so, then that would essentially be a windows premine.

I hope you reconsider and do the right thing.

xibeijan is right !
if for some reason you dont want to release sources, at least build linux sources - i can help with that

yes, i am looking for someone trustworthy to compile for linux.

if no one is found,  i want to wait a week before releasing the sources, or atleast long enough for the network to be secured. i'm really worried about the source falling into the wrong hands. it's ok if i have to delay the release a few days while you figure out how to compile it. you have a high activity count, but i can't base my trust of you solely on that. if you could perhaps get a mod or highly respected/trusted member to vouch for you, i would feel alot better about sending you the sources.

also, while we are on the subject, could you possibly crosscompile for mac, and if not, is their anyone else here who can/would be willing?

[hotcoldcoin]

yes, i am looking for someone trustworthy to compile for linux. i want to wait a week before releasing the sources, or atleast long enough for the network to be secured. i'm really worried about the source falling into the wrong hands.

[FoldingTime]

This is starting to suck really hard.

Two big errors.

1) Releasing binary only - Booo.... MAN we need to review the source!
2) No linux binary?  - Booo.... If so, then that would essentially be a windows premine.

I hope you reconsider and do the right thing.

xibeijan is right !
if for some reason you dont want to release sources, at least build linux sources - i can help with that

yes, i am looking for someone trustworthy to compile for linux.

if no one is found,  i want to wait a week before releasing the sources, or atleast long enough for the network to be secured. i'm really worried about the source falling into the wrong hands. it's ok if i have to delay the release a few days while you figure out how to compile it. you have a high activity count, but i can't base my trust of you solely on that. if you could perhaps get a mod or highly respected/trusted member to vouch for you, i would feel alot better about sending you the sources.

also, while we are on the subject, could you possibly crosscompile for mac, and if not, is their anyone else here who can/would be willing?

How is anyone to trust your software without releasing the source code?

Have you something to hide?

[DogtownHero]

updating main post to reflect changes, disclose premine information, announce bounties.

[DogtownHero]

This is starting to suck really hard.

Two big errors.

1) Releasing binary only - Booo.... MAN we need to review the source!
2) No linux binary?  - Booo.... If so, then that would essentially be a windows premine.

I hope you reconsider and do the right thing.

xibeijan is right !
if for some reason you dont want to release sources, at least build linux sources - i can help with that

yes, i am looking for someone trustworthy to compile for linux.

if no one is found,  i want to wait a week before releasing the sources, or atleast long enough for the network to be secured. i'm really worried about the source falling into the wrong hands. it's ok if i have to delay the release a few days while you figure out how to compile it. you have a high activity count, but i can't base my trust of you solely on that. if you could perhaps get a mod or highly respected/trusted member to vouch for you, i would feel alot better about sending you the sources.

also, while we are on the subject, could you possibly crosscompile for mac, and if not, is their anyone else here who can/would be willing?

How is anyone to trust your software without releasing the source code?

Have you something to hide?

I hear what your saying, but there is nothing malicious in the code.  Kimoto didn't release the MEC sources, which is a smart move. prevents network from being vulnerable early on. if no one has the sources they can't alter the code and destroy it, and i like that.

[hotcoldcoin]

How is anyone to trust your software without releasing the source code?

Have you something to hide?

I hear what your saying, but there is nothing malicious in the code.  Kimoto didn't release the MEC sources, which is a smart move. prevents network from being vulnerable early on. if no one has the sources they can't alter the code and destroy it, and i like that.

[elements]

I think that the "only processor" currency is not good, because botnet owners will receive a lot of coins (and they will dump). At the same time, there is no botnet with a lot of graphics cards.
Best option: only the processors first time, but in month maximum -  appearance of GPU-mining.

That is a good point Fablio. essentially the main reason i decided to work with YAC over the more recent QRK. plus i really like the stake features of YAC, but i can't tell if they are just remnants of PPCOIN code(looks like it to me) or what the deal is with that. Everyone else, i will be answering your questions in due time. I must be on my way. Got a yard to mow and some data to review later. if every thing goes to plan i should switch from testnet over to mainnet this evening and release the coin. I plan on doing what kimoto did and making only the binary available initially... worked out good for MEC, don't see what it could hurt really. For simplicity sake, i will be providing 3 downloads:

- windows installer package( created with click team installer)
- example conf file
- zipped binaries for those who don't trust the installer package.

This is starting to suck really hard.

Two big errors.

1) Releasing binary only - Booo.... MAN we need to review the source!
2) No linux binary?  - Booo.... If so, then that would essentially be a windows premine.

I hope you reconsider and do the right thing.

3) NO MAC Wallet

Why do you think it is a fair start for EVERYONE if new coins either only has a Win wallet or a Linux wallet or both of them.
Take SPT for example they start with all three majors OS.

If I was able to create a coin you could be sure that I'd never start before being fully prepared.

(no whitepaper, no source analysis, no builds for all three OS, no website, list goes on and on)

Why do you even release. This will be another one of those coins which will shoot up for 72 hrs and then die.