Project is on the ice, until there is more interest about this kind of coin

[markm]

Yes, exactly.

But blockchain is a poor way to implement such things initially because the volume of transactions is not enough for the transaction fees to attract miners, even if you use merged mining so that mining costs miners close to nothing. That is why United kingdom Britcoin (UKB), Canadian Digital Notes (CDN) and so on moved away from using blockchains until some hypothetical future date when transaction fees are enough to attract miners.

What they did not move away from however is the cap on how many coins total will be "minted", which turned out to make it very hard - and maybe ultimately pointless - to try to suppress the per coin value to keep it as low as the per unit value of the fiat they initially had intended to be at parity with:

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

-MarkM-

[HabbyGab]

Yes, exactly.

But blockchain is a poor way to implement such things initially because the volume of transactions is not enough for the transaction fees to attract miners, even if you use merged mining so that mining costs miners close to nothing. That is why United kingdom Britcoin (UKB), Canadian Digital Notes (CDN) and so on moved away from using blockchains until some hypothetical future date when transaction fees are enough to attract miners.

What they did not move away from however is the cap on how many coins total will be "minted", which turned out to make it very hard - and maybe ultimately pointless - to try to suppress the per coin value to keep it as low as the per unit value of the fiat they initially had intended to be at parity with:

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

-MarkM-

The coin can't be mined with the wallet that's for public use. The blockchain will be kept alive by some small rig. The coin can't be mined with the public wallets to prevent 51% attacks.

[markm]

But if the public wallets are able ultimately to find a port to connect to, that port can then be connected to by a custom miner someone builds.

So are you trying to use "security by obscurity", hoping no-one figures out where to connect a miner of their own in order to 51% you?

-MarkM-

[halibit]

But if the public wallets are able ultimately to find a port to connect to, that port can then be connected to by a custom miner someone builds.

So are you trying to use "security by obscurity", hoping no-one figures out where to connect a miner of their own in order to 51% you?

-MarkM-

"Miner wallets" are behind nat and public node address is "no mining" wallet.
But no one can't say, it's unbreakable.

I'll let you try.
First one who can permanently break cryptoDOLLAR network, so it comes unstable to use anymore, or network loose coins, will get 0.5 BTC.
(Not some temporary ip ping attach please. There will be more nodes on the future).

I go to sleep now. Let see what I have tomorrow

[markm]

So yeah, security by obscurity.

Meanwhile if someone puts mining into a node and posts its address where other nodes will learn about it and connect, they can mine just fine.

That is security by obscurity.

-MarkM-

[halibit]

So yeah, security by obscurity.

Meanwhile if someone puts mining into a node and posts its address where other nodes will learn about it and connect, they can mine just fine.

That is security by obscurity.

-MarkM-

Can you do that, please. I want to learn and it's easy money for you.

[markm]

Half a bitcoin? That isn't easy money, its a pathetic pittance.

-MarkM-

[halibit]

Half a bitcoin? That isn't easy money, its a pathetic pittance.

-MarkM-

Sorry, Hard times  
Good to know it's not easy money for that job.
And of course, if there will be more money on the network, I will audit security on different level too.

[dunderklumpen]

Half a bitcoin? That isn't easy money, its a pathetic pittance.

-MarkM-

Sorry, Hard times  
Good to know it's not easy money for that job.
And of course, if there will be more money on the network, I will audit security on different level too.

How do you intend to use the money in the network, aint they deposited as liquidity for the cryptoDollars in circulation!?
Seriously just scrap this entire idea its so stupid...

[kyntar]

No don't scrap it I have 2 usd sitting in his swiss bank account.

[halibit]

No don't scrap it I have 2 usd sitting in his swiss bank account.

No problem even if some one break the cD network. (I doubt, they can), but your hard worked 2 dollars are safe anyway, if they don't break usd account.

[dunderklumpen]

No don't scrap it I have 2 usd sitting in his swiss bank account.

No problem even if some one break the cD network. (I doubt, they can), but your hard worked 2 dollars are safe anyway, if they don't break usd account.

Lol are you for real, what lunatic asylum did you escape from?
ATm you "network" is worth a few dollars(well maybe not even that) but how do you estimare the interest of making forks and so on if its worth 2 billion dollars, get real, take your pills as ordinated and crawl back into your padded cell.

Are you too blind to see that something is fundamentally wrong with your concept when it even gets hard to give away free coins at this forum?

[halibit]

No don't scrap it I have 2 usd sitting in his swiss bank account.

No problem even if some one break the cD network. (I doubt, they can), but your hard worked 2 dollars are safe anyway, if they don't break usd account.

Lol are you for real, what lunatic asylum did you escape from?
ATm you "network" is worth a few dollars(well maybe not even that) but how do you estimare the interest of making forks and so on if its worth 2 billion dollars, get real, take your pills as ordinated and crawl back into your padded cell.

Are you too blind to see that something is fundamentally wrong with your concept when it even gets hard to give away free coins at this forum?

Right. Network is 2 dollars worth right now
Go to sleep dude and eat well. Then we can talk more.

[halibit]

cryptoDOLLAR bank wallet balance online information added.
http://cryptodollarcoin.com/?page_id=119

[halibit]

Hmm. In this kind of situation when BTC crashing, I think cryptodollar should be interest coin in exchange where is no USD market, like cryptsy. Sorry I didn't get it on the market yet. I just have too much "normal" job right now.

[kyntar]

so how are my two cryptodollars holding up? Are they playing nice together.

[halibit]

so how are my two cryptodollars holding up? Are they playing nice together.

  Your 2 dollars are fine and safe deposed on btce holding USD value  
I put this project on ice until there is even few people who want to develope it.

If you want your cd to cash out, give me your btc address and I will send it to you.

Good to see you are still on forum, long time no see.

[kyntar]

Keep them there and keep the dream alive. Always been here more of a reader than a poster though.

[kuverty]

I'm not a lawyer but this really sounds like legal trouble

[lordgerson]

is this dude still alive? the cryptodollar website gives a database error? Was looking for something just like this for a little project of my own...Anyone know where this has gone?