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Author Topic: Project is on the ice, until there is more interest about this kind of coin  (Read 7875 times)
halibit
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September 05, 2013, 01:12:30 AM
 #21

Premine: 100%??

Quick question, how are you moving these coins around, with no miners, there, genius?
So, the value is never more than $1. So, this coin has no appeal to miners, or traders. Great job. Idiot

There no need more than couple CPU miners online for transaction.

Yes, value is never more than $1. Think a while, and you may see why it will be good for traders buyers and sellers..

Well, lets see. Traders buy coins, in hopes to trade them for more then they paid for them, for profit....

Yes, same like they do when buying direct US dollars, but they can send cD between any server where it can trade.
So first of all, this coin need exchange servers. Welcome to project if you want to. There is still few job to do Smiley

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halibit
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September 05, 2013, 03:16:46 AM
 #22

thanks

so its not mined at all?
------------------------------

You welcome. I will send your cD coin after few test.
Wallet will be updated to the next version too.

No mining. All coins are already mined.
Mining gives only 0 blocks. So there is no reason for mining.
All Coins are out of the market. Coin will be released on the market only when some one buy it. coin will cost 1 USD.
This 1 USD will deposed in safe. This is why coin have 1 USD value all the time.
cD coin is virtual USD, but coin owner will get 1 "real" USD in any situation.
Coin can sell on the market, or even if there is no market anymore, it can sell back to us.
We will buy it with the 1 US dollar. (Excluding exchange fee. See topic)

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September 05, 2013, 03:48:06 AM
 #23



  26x63KQGS2r7g21eAnf7JDQmNyHD3v6Btm

  Thanks a lot
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September 05, 2013, 03:56:54 AM
 #24

Kingdom of Jesus?! Whats that about? No religious stuff please!

CryptopiaTux Exchange
TiPS: BTC:1DigitwteXwFcRAaWpVDRp6eKqzC6y9tgm ■ ŁTC:LKMcEHoFWHAUoRscqW1cwjhLgFrk7MgCWU ■ BLK:BR4WG59FjQYiQNVR3Ftn9EYgs4kJE1YLUK ■ CBX:5hdeaXvJbqA1yxRVe5NuJtogyGAy2af9Rz
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September 05, 2013, 04:03:53 AM
 #25

okR1T79sHAH8JhaQ2Fahf28gJniZp1f1o
21G6apwzVDeAqyq62ZNNS8jNJxeB1SqB2M
w8RSZTA6A1LDor4i4CN1EgpVQJ7HMLH6p
vus8zDrmbAcYhPfckbThAGP94B6DWxvCs

such a variety of addresses :|,  oh well one the above if theres a giveaway Grin

CryptopiaTux Exchange
TiPS: BTC:1DigitwteXwFcRAaWpVDRp6eKqzC6y9tgm ■ ŁTC:LKMcEHoFWHAUoRscqW1cwjhLgFrk7MgCWU ■ BLK:BR4WG59FjQYiQNVR3Ftn9EYgs4kJE1YLUK ■ CBX:5hdeaXvJbqA1yxRVe5NuJtogyGAy2af9Rz
TheSpiral
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September 05, 2013, 04:05:50 AM
 #26

Kingdom of Jesus?! Whats that about?
Yeah, also saw that and skipped...

[Cex.io] - Cheap virtual mining.
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September 05, 2013, 04:27:37 AM
 #27

The Brits and Canucks tried something like this years ago with United Kingdom Britcoin (UKB) and Canadian Digital Notes (CDN) respectively.

One big problem turned out to be that the transaction fees were not sufficient to motivate enough miners to secure the blockchains with enough hashing power to make them even marginally secure against 51% attack.

That problem was temporarily band-aided or splinted by moving away from blockchain format temporarily until such time as the transaction volumes make transaction fees look attractive to Massively Merged miners and Massively Merged Mining matures to a point where being merged mined might reasonably be hoped to secure the chains. The over a year now wait for ASICs has extended the duration of that "temporary" move because of course the people most interested/motivated to secure the chains did not want to invest in mining rigs that were, for a year or so or more, about to be obsoleted in "two weeks" by Butterfly Labs ASICS.

Hopefully once top of the line 28nm or better ASICs are widely available off the shelf on a same day shipping basis the interested parties will be able to deploy mining gear and move back to blockchain format as merged mined coins.

Another big problem turned out to be the cap on the number of coins, since they followed the tradition of bitcoin, (100%-pre)mining only 21,000,000 coins.

Trying to keep the price of UKB at GBP parity and the price of CDN at CAD parity resulted in the Brits and Canucks selling off their coins cheap (that is to say, at parity with the fiat) in their attempts to prevent their coins from going way the heck up higher in price than mere parity. The Martians seem to have been the main beneficiaries of that Brit and Canuck largess, because the Martians did not throw away their coins (Martian BotCoins) cheap in attempts to keep their coin at some arbitrary low value trying to keep it at parity with some variety of fiat. The Martians happily allowed their coin to go up and up in value, buying up UKB and CDN cheap (as in, at or close to parity with the corresponding fiat), until eventually the Brits and Canucks abandoned their attempts at suppressing the value of their coins.

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-

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September 05, 2013, 04:45:46 AM
 #28

Value will be created with the deposed US-dollar.
If you buy cryptoDOLLAR, it will cost 1 USD and that 1 US-dollar will deposed on safe and never used.
But if cryptomarket crash, or no one don't want to trade cD anymore, you will get that deposed dollar back. I think cryptoDOLLAR realistic value is then 1 usd.

If it's well operated & trusted by people for some time, the value will exceed 1 Dollar, and you don't have enough reserve to keep the price at 1$. What you will do? Fork more so-called cD-2, cD-3?

Attach to the USD is not a good thing. You might forget the famous Liberty Reserve. Or you are a child not knowing it.
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September 05, 2013, 05:24:27 AM
 #29

https://bitcointalk.org/index.php?topic=288097.new#new

: D

tiny rick !
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September 05, 2013, 05:31:46 AM
 #30

One big problem turned out to be that the transaction fees were not sufficient to motivate enough miners to secure the blockchains with enough hashing power to make them even marginally secure against 51% attack.

Yes.
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September 05, 2013, 05:37:20 AM
 #31

da fuq?

My negative trust rating is reflective of a personal vendetta by someone on default trust.
ethought
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September 05, 2013, 05:37:48 AM
 #32

So let me get this straight.

No one will mine this coin as there are no coins left to be minted - so how do you secure the network?

You have pre-mined 2,000,000,000 coins which you will sell for US$1 each. So basically you are trying to sell a brand new centralised coin (with no current value) for $1 each. Good luck.

How could this possibly work? What security is there on the value of the coin?

loveys
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September 05, 2013, 06:16:11 AM
 #33

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theprofileth
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September 05, 2013, 08:51:49 AM
 #34

Probably a false positive but total virus shows a slight chance that the wallet is a trojan, though I really doubt it. Either way, not really interested in this just thought it was an interesting concept though. Good luck trying to sell people on it though.
Also, a good way to secure the network could be proof of stake Wink with a 0% reward and coin age of 1 day required to start lol.
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September 05, 2013, 08:57:36 AM
 #35

United Kingdom of Jesus...


halibit
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September 05, 2013, 09:42:19 AM
 #36

Probably a false positive but total virus shows a slight chance that the wallet is a trojan, though I really doubt it. Either way, not really interested in this just thought it was an interesting concept though. Good luck trying to sell people on it though.
Also, a good way to secure the network could be proof of stake Wink with a 0% reward and coin age of 1 day required to start lol.
About trojan, do total virus name on it? I have no any alert, but I will check that too.

Thanks for the secure tips. You are welcome to team if you like to levelop it with us.
I know this version is open in many way, so I can see how network acting.
Then it will need protec more.


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September 05, 2013, 11:37:56 AM
 #37

I see one possible issue with transparency. Is there any publicly accessible (at least read only) bank account where we can check if you really deposited all the USD what you got, or we have to believe in what you will tell us Roll Eyes?
halibit
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September 05, 2013, 12:23:37 PM
 #38

I see one possible issue with transparency. Is there any publicly accessible (at least read only) bank account where we can check if you really deposited all the USD what you got, or we have to believe in what you will tell us Roll Eyes?
Yes. Accounts balance that I will use, can see online.

lemons
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September 05, 2013, 12:36:59 PM
 #39

Premine: 100%??

Quick question, how are you moving these coins around, with no miners, there, genius?
So, the value is never more than $1. So, this coin has no appeal to miners, or traders. Great job. Idiot

+1
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September 05, 2013, 01:53:53 PM
 #40

hmm sounds interesting...

send some coins when you get a chance, thanks in advance.

28GBrjrp9SedELiW4BMNbg3ZDM4CH6Z7ny

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