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Author Topic: [ANN][Datacoin] Datacoin blockchain start announcement (Minor code upd + logo)  (Read 159151 times)
tobasco
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December 25, 2013, 03:43:04 AM
 #801

I also notice that it's a CPU-only coin. Does that tie in with the goals of the coin somehow, or is there no specific reason to it?

Are there any notable advantages/disadvantages worth considering as far as how CPU might influence the adoption and usage of datacoin?

If it was sha2 those that had paid for Asic miners for bitcoins would have killed it since after 1 month they would have mine much of it living nothing for late adopters.

The same goes for scrypt. Those with good expensive graphics cards would have mined most of it.

Only cpu coins like Datacoin, Primecoin and Protoshare (not quark, molecule because those can be now mined with GPUs too) are being mined more slowly and this is good for most adopters if time has passed. For example my i3 laptop now mines 0.3DTC per day. And i am using my laptop 10 hours a day at least.

The problems though for cpu coins are the botnets. Someone with a botnet can easily make its slaves mine for him cpu coins. And this is actually happening with all CPU coins. But pools can easily find botnets and ban them.

Okay thank you, that answered my question well.

So basically, there's no major concern that this CPU method would have any possible negative effects when it comes to miners being able to work to keep the datacoin blockchain nice and secure if the coin becomes popular?

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December 25, 2013, 03:47:40 AM
 #802

I also notice that it's a CPU-only coin. Does that tie in with the goals of the coin somehow, or is there no specific reason to it?

Are there any notable advantages/disadvantages worth considering as far as how CPU might influence the adoption and usage of datacoin?

If it was sha2 those that had paid for Asic miners for bitcoins would have killed it since after 1 month they would have mine much of it living nothing for late adopters.

The same goes for scrypt. Those with good expensive graphics cards would have mined most of it.

Only cpu coins like Datacoin, Primecoin and Protoshare (not quark, molecule because those can be now mined with GPUs too) are being mined more slowly and this is good for most adopters if time has passed. For example my i3 laptop now mines 0.3DTC per day. And i am using my laptop 10 hours a day at least.

The problems though for cpu coins are the botnets. Someone with a botnet can easily make its slaves mine for him cpu coins. And this is actually happening with all CPU coins. But pools can easily find botnets and ban them.

Okay thank you, that answered my question well.

So basically, there's no major concern that this CPU method would have any possible negative effects when it comes to miners being able to work to keep the datacoin blockchain nice and secure if the coin becomes popular?

No, i dont think there is a problem. Now i would like to know if PoS can also be implemented and if this stupid idea or not.
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December 25, 2013, 01:43:26 PM
 #803

Meanwhile DTC/BTC is rapidly going down, hit 0.00066, from 0.001 a few weeks ago.
More miners -> less price, while stupid useless DOGE are on tons of exhanges and grows like crazy...
lol

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maxsolnc
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December 25, 2013, 02:00:23 PM
 #804

Meanwhile DTC/BTC is rapidly going down, hit 0.00066, from 0.001 a few weeks ago.
More miners -> less price, while stupid useless DOGE are on tons of exhanges and grows like crazy...
lol
I noticed that and commented several times - Datacoin needs some thinking. I saw very many DOGEs miners in Ypool chat - most of them don't understand what they are doing, many of them never heard even about  Bitcoin. They see 'funny picture' and several steps instruction, bah! they're mining, they're earning some quick buck! And Datacoin needs some reading to understand its concept - it's 'too difficult', especially for those who wants quick buck. 

P. S. DOGE is like pop music: it's much easier to be understood by masses. Datacoin is like blues\jazz\art rock, for example.  Grin

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tobasco
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December 25, 2013, 02:28:15 PM
 #805

I don't think the masses need to understand the technical workings of Datacoin as much as they need to be shown the awesome advantages.

It's a worldwide store of data. If you want to secure some data and give it the best chance of being discovered 1,000 years from now, Datacoin could be the solution. The data is permanent, and it's stored on thousands of hard drives across the world. I think people would be interested in buying in to something like that.

I'm sure some cool applications for Datacoins will be unearthed. I love the concept and can't wait to see how it develops.

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December 25, 2013, 02:40:16 PM
 #806

Yea, datacoin looks great. But it's not the first, you can do the same using BitCoin or almost any other BitCoin fork, they also allow to attach arbitrary data to transaction(comments).
Just one limitation, its way too expensive now, nobody use it for this cases. It's not designed to store binary data and there are no services that open this feature to wide masses.
IMO, one good thing datacoin does - it makes this side more wide-open to public and to potential investors and also to developers.

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tobasco
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December 25, 2013, 02:45:16 PM
 #807

Yea, datacoin looks great. But it's not the first, you can do the same using BitCoin or almost any other BitCoin fork, they also allow to attach arbitrary data to transaction(comments).
Just one limitation, its way too expensive now, nobody use it for this cases. It's not designed to store binary data and there are no services that open this feature to wide masses.
IMO, one good thing datacoin does - it makes this side more wide-open to public and to potential investors and also to developers.

Would the selling point of be that with Bitcoin you're attaching data to a transaction (the transaction is the focus, and the data is secondary). But with Datacoin you're attaching a transaction to data? So the data is the focus and the transaction supports it?

Also, would it be possible to create a data explorer for a coin like BTC like krypte.net is doing for DTC? Or is that kind of unique to the way DTC has been set up?

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December 25, 2013, 05:29:28 PM
 #808

Meanwhile DTC/BTC is rapidly going down, hit 0.00066, from 0.001 a few weeks ago.
More miners -> less price, while stupid useless DOGE are on tons of exhanges and grows like crazy...
lol

bter volume is too low. price there hasnt really very big sense. People dont know it much too.

Btw i like that prices falls. Every time if falls really  much i buy what of bitcoins i have in the moment in DTC. I dont have much but you know what i mean.

When DTC hits cryptsy it will be much better. No people afraid of BTER. It is a chinese based one...you know....

and maxsolnc i liked your parallelism with jazz Tongue

No really, DTC isnt and shoudnt be for the hype and the pumps and dumps. It should steadily rise to a stable price.

 
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December 25, 2013, 05:45:16 PM
 #809

still looking for a trade @ forum

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snowboard789
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December 25, 2013, 06:07:18 PM
 #810

what will happen to the data if the coin is not successful but people have paid for their data to be in the cloud "forever"?

how can this coin provide some kind of guarantee that what is uploaded is not going to be deleted after n years?
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December 25, 2013, 06:13:32 PM
 #811

what will happen to the data if the coin is not successful but people have paid for their data to be in the cloud "forever"?

how can this coin provide some kind of guarantee that what is uploaded is not going to be deleted after n years?

as soon as the interested party keeps the blockchain he already has it stored in his PC.
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December 25, 2013, 06:26:31 PM
 #812

if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.

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December 25, 2013, 06:28:44 PM
 #813

if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.
can you think of something which makes everyone drop datacoin? if not, this wont happen. the more leave this coin, the easier to mine which attracts new ppls

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BTC/DVC/TRC/FRC: 1K1773RbXRZVRQSSXe9N6N2MUFERvrdu6y ANC/XPM AK1773RTmRKtvbKBCrUu95UQg5iegrqyeA NMC: NK1773Rzv8b4ugmCgX789PbjewA9fL9Dy1 LTC: LKi773RBuPepQH8E6Zb1ponoCvgbU7hHmd EMC: EK1773RxUes1HX1YAGMZ1xVYBBRUCqfDoF BQC: bK1773R1APJz4yTgRkmdKQhjhiMyQpJgfN
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December 25, 2013, 06:32:33 PM
 #814

if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.



All storage (and more - all electronic or financial) systems can be asked this question. What if Dropbox closes suddenly, and all your files stored in paid storage will no still been stored there? What if your bank becomes bankrupt?  Really, how can you get _real_ guarantees from anyone in the Internet? If you write down all your data, put it into sealed chest and bury it... maybe you'll get your data in safe place (but what happens in case of earthquake?)

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GreekBitcoin
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December 25, 2013, 06:32:50 PM
 #815

if i have the file on my pc, i dont need datacoin to store it.

i mean about permanent storage without any responsibility from me, thats why i would pay in the first place.



This was the worst case scenario. You asked what is the guarantee and this is the guarantee.

In reality there will be always be some people that will use it. At least when it gets more known...
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December 26, 2013, 09:40:45 AM
 #816

Quote
src/leveldb/libleveldb.a /src/dtc/primecoin/src/leveldb/libmemenv.a
/usr/bin/ld: cannot find -lboost_chrono
collect2: ld returned 1 exit status
make: *** [primeminer] Error 1

getting this error when compile on ubuntu 12.04, can anyone help?  Wink

appriciate!

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December 26, 2013, 09:41:49 AM
 #817

Quote
src/leveldb/libleveldb.a /src/dtc/primecoin/src/leveldb/libmemenv.a
/usr/bin/ld: cannot find -lboost_chrono
collect2: ld returned 1 exit status
make: *** [primeminer] Error 1

getting this error when compile on ubuntu 12.04, can anyone help?  Wink

appriciate!

sudo apt-get install libboost-chrono-dev
?

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BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
truckythin
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December 26, 2013, 09:59:41 AM
 #818

i endup with reinstall with the libboost1.48, currently using 1.46

now went well now. Tks

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December 26, 2013, 10:07:34 AM
 #819

does anyone have instructions to build on CentOS,
i have an 64 cores using centos 5.x, but not familiar with with, cannot event install git on it  Undecided

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December 26, 2013, 10:14:31 AM
 #820

does anyone have instructions to build on CentOS,
i have an 64 cores using centos 5.x, but not familiar with with, cannot event install git on it  Undecided

look here:
https://bitcointalk.org/index.php?topic=259022.0 - the same for DTC


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