[ANN] NDL - The coin for Pastafarians - Flying Spaghetti Monster Cryptocurrency!

[number435398]

Correct me if I'm wrong, but the securities are the ones that have IPOs and sell the coins when they launch, right?

[number435398]

Okay guys, so I've got a few ideas.

1. Tie ourselves into Chia coin somehow
2. Switch to proof of stake
3. Turn into a smart contracts coin
4. Tie ourselves in with smart contracts to other smart contract coins/setups

Or a combination thereof.

Any ideas, thoughts, etc before I try to take steps in that direction? Anyone know anyone who can help us with those goals? We need to grow this coin and that's really the only way; adapt and grow in its exposure and its versatility.

[DaveF]

Well the pool died and I can't get it back running. So unless someone can get one up, everyone is going to have to solo mine.

As for what direction the coin should take, I have no idea. Having put in 100s of man hours on it over the years and a bunch of money getting and keeping the domains I am ready to pass it along to someone who can put in more time and energy then I can at the moment. Will keep the website and explorer.

-Dave

[number435398]

I don't remember if solo mining is really a thing anymore since the update.

[DaveF]

Download cpuminer

Code:

minerd -a scrypt -o 127.0.0.1:port as set in conf file -u user as set in conf file -p password as set in conf file --coinbase-addr=an address from your wallet goes here -t number of CPU threads

If you have the following conf file

rpcuser=user
rpcpassword=password
rpcallowip=127.0.0.1
rpcallowip=192.168.1.1/24
rpcport=40022
daemon=1
server=1
gen=1

And an address in your wallet is : NUQAEFrWoUJvSCDKwAH2j4cA83AEiYYEh9
And wanted to use 1 of your CPU cores to mine then:

Code:

minerd -a scrypt -o 127.0.0.1:40022 -u user -p password --coinbase-addr=NUQAEFrWoUJvSCDKwAH2j4cA83AEiYYEh9 -t 1

Just verified it works, mined 2 blocks to the above address.

-Dave

[number435398]

Download cpuminer

Code:

minerd -a scrypt -o 127.0.0.1:port as set in conf file -u user as set in conf file -p password as set in conf file --coinbase-addr=an address from your wallet goes here -t number of CPU threads

If you have the following conf file

rpcuser=user
rpcpassword=password
rpcallowip=127.0.0.1
rpcallowip=192.168.1.1/24
rpcport=40022
daemon=1
server=1
gen=1

And an address in your wallet is : NUQAEFrWoUJvSCDKwAH2j4cA83AEiYYEh9
And wanted to use 1 of your CPU cores to mine then:

Code:

minerd -a scrypt -o 127.0.0.1:40022 -u user -p password --coinbase-addr=NUQAEFrWoUJvSCDKwAH2j4cA83AEiYYEh9 -t 1

Just verified it works, mined 2 blocks to the above address.

-Dave

Thank you for that. Good to know.

[his_only_meatball]

I used to mine this coin. I was thinking about forking it and creating a new coin with some of the suggestions and ideas people have had. I don't know if I can do that, but I might try.

It seems as though all the coins have been mined and then some! It looks like when it was originally made the limit wasn't forced. It just has the same code as litecoin or bitcoin where its supposed to hit the limit when its halved by so much after so long, but since the numbers for the rewards are so different, it went far beyond the original limit.

Since all the coins have been mined, what do you guys think should be done to entice new people to join? If the fork does smart contracts and NFTs and such other people would have to get some of the coins to use it. Or should I just rely on people currently holding to sell it?  I'm trying to get some ideas from you guys since if you're reading this; you're clearly still in it.

[DaveF]

As I said a few posts up I really don't have the time to do anything with it.
No idea why there are more coins then there should be, @number435398 might be able to figure it out.

Some thoughts.

If you fork you are still going to have to deal with all the people that are still holding old coins or you are going to have a lot pissed off people.
If you create a new coin you are going to have to figure out a way for old people to keep what they have.

As you can see, if you look through the thread for the past 6 years or so number435398 was the only person who did anything with the code and tried to keep a pool up (which died) and the explorer. Was on an exchange but it got hacked. BUT I can see other people running nodes and others mining so there is some activity.

If you want to run with something or even just recompile the wallet and get some bugs out I don't that people would complain about that.

I have the .net and .com domains so if you come up with something better I can point them wherever.

@dnp you still around?

-Dave

[elmo40]

I love trying to revive old coins.
A few have recently popped up, someone paid a lot of money for exchanges, and they are now being traded.
With current exchange prices, I don't know who would do that to old coins with little life, yet they did. BEL for example.

[DaveF]

I love trying to revive old coins.
A few have recently popped up, someone paid a lot of money for exchanges, and they are now being traded.
With current exchange prices, I don't know who would do that to old coins with little life, yet they did. BEL for example.

Well if you want to try go for it.
I have the .com and .net domains and can point them wherever if you come up with something.
It looks like someone is still mining it. I have a node or 2 up just to keep the blockchain alive but that is about it.

explorer.dognose.net:3001 is also alive so he has to have a node or 2 up also.

-Dave

[nxtraordinary]

Hey, did you realize, that NDL is being traded on DEXTools and others ?
I do not know, how this happened, but it is real.
It`s alive! ;-)

Here:

https://www.dextools.io/app/en/solana/pair-explorer/ErdUgxJ5XiHcEQyz372RfC5gqy5XG2R7nbMZhzkVpump?t=1756543233906

And here:

https://lfj.gg/solana/trade/ErdUgxJ5XiHcEQyz372RfC5gqy5XG2R7nbMZhzkVpump

Greez

[DaveF]

Its a scam token that was just created. Not this coin.

Was created yesterday
https://solscan.io/token/ErdUgxJ5XiHcEQyz372RfC5gqy5XG2R7nbMZhzkVpump#markets


-Dave

[markm]

It is trivially simple and cheap to act as an exchange for any coin including this one, using the Stellar (XLM) platform.

The Galactic Milieu already supports several ancient coins that way and this coin seems a great prospect for use in the Milieu.

All you need is for anyone(s) you trust, including yourself, to simply create two accounts in Stellar, call one of them your "issuing" account and the other your "issued-to" account, have your "issued-to" account "trust" your issuing-account for some number of tokens named NDL or whatever you choose to name them, and presto your issuing-account then has the ability to send up to that many of them to your issued-to account.

I find it convenient myself to let the number of a token that my issued-to account trusts my issuing-account for serve as my record of how many of that token I have issued.

Thus for example I had a million real IXCoins on the IXCoin blockchain so I had my issued-to account trust my issuing-account for half a million IXC tokens then had my issuing-account send 500k IXC to my issued-to account and presto, there then existed 500k IXC tokens issued by my issuing-account on the Stellar platform, 200%-reserve backed by real on their own blockchain IXC coins.

Personally I use 200%-reserve rather than mere 100% reserve (and certainly not fractional-reserve) because I do not issue my tokens "on the fly" as people choose to "bail in" real on their own blockchain coins; rather I prefer to issue my tokens ahead of time and sell them to buyers rather than having anyone other than myself "deposit" or "bail in" coins. That way I am simply buying and selling a product, my personal IOUs aka tokens, rather than being any kind of deposit-taking institution.

I like 200% reserve because I want to be able to use half my real coins to be what the tokens represent, potentially locked up in super-cold storage "forever", while still having enough left of the real coins to "redeem" aka "buy back" all my tokens without needing to touch the cold storage to redeem the tokens.

So there you go, we can discuss my setting up NDL as a currency in the Milieu, with the opportunities to create characters and Corps and Civilisations whose currency it will "be" and thus means within the metagame to earn assets with which to grow its buy-sides thus its value over time, or any or all of you can simply trade it yourselves on Stellar or any similar platform...

Ultimately really it would be nice to set up a "treasury" for it in the Milieu, making it a "treasury-based asset" and thus eligible to be a "reserve asset" meaning an asset other assets can use in their own "treasury", thus tying up more and more and more of the coin in "treasuries" leaving less and less and less "out in the wild" to potentially be "dumped" onto buy-offers driving down the perceived value of the coin by destroying (consuming) its buy-offers.

There are quite a number already of "reserve assets" in the Milieu whose calculated value (simply the total value of their "treasury" divided by the number minted) trends ever upward, so it is not hard to build one's asset a "treasury" of such assets that will result in a "treasury" that trends upward in value thus even if one's asset is still minting it is often feasible to build a "treasury" whose total calculated value divided by the number minted still manages to result in ever-increasing calculated value per coin despite some continued minting.


-MarkM-


EDIT: Actually my 500k IXC were issued on HORIZON platform as HZIXC, then a number of them placed in a "Stellar Holdings" account on HORIZON then that number of IXC tokens issued on Stellar, but that is basically just trivia detail.

[DaveF]

But, the post I was commenting on was discussing a token on the Solana chain.
That as far as I can tell has no backing at all.
Unless I am missing a NDL bridge somewhere.

Shrug, probably does not matter I don't think anyone has done anything with this coin in a while and since I have not had the time to even think about it for years there has been no working pool or explorer.

-Dave

[nxtraordinary]

Its a scam token that was just created. Not this coin.

Was created yesterday
https://solscan.io/token/ErdUgxJ5XiHcEQyz372RfC5gqy5XG2R7nbMZhzkVpump#markets


-Dave

OK, ... sad enough. Thank you, I did not see that, good to know that.

Greez

[markm]

An advantage of using tokens as implementation of an exchange is that one need not rely anywhere near so much on difficulty; one can even just let anyone who wants to use the coin use one single CPU to mine it to eventually keep the blockchain moving except of course during times when some idiot with huge hashpower chooses to freeze the chain by driving the difficulty up and abandon it there making the single-CPU miners take months or years to get the chain moving again.

By inserting "checkpoints" into the clients to prevent anyone going back in time and forking with high hashpower from some past block, one can have one's "exchange-equivalent" not merely wait some number of blocks before issuing a balance acknowledging receipt of coins but actually go so far as to issue a new checkpoint after the input of coins so that all the coins represented by the tokens are coins from back before the last checkpoint thus coins whose current address on the real blockchain is locked-in against any attempts by high hashpower to "double-spend" them.
'
That is in fact one of the reasons why I issue my tokens ahead of time; I like to ensure that the real coins represented by my tokens are old coins from far back beyond any chance of their being double-spent from under me by some high-hashpower sabotageurs...

I have nothing to do with the fake tokens on SOL I am talking about a real implementation of ability to trade by having trusted persons issue IOUs on platforms like Stellar and presumably actually honour their IOUs.


-MarkM-

[nxtraordinary]

Interesting.
By the way, I did some Solomining with my wallet, today. It´s still fun, even if I don´t know, if I am still on the right chain. 

Have a nice weekend

[DaveF]

An advantage of using tokens as implementation of an exchange is that one need not rely anywhere near so much on difficulty; one can even just let anyone who wants to use the coin use one single CPU to mine it to eventually keep the blockchain moving except of course during times when some idiot with huge hashpower chooses to freeze the chain by driving the difficulty up and abandon it there making the single-CPU miners take months or years to get the chain moving again.

By inserting "checkpoints" into the clients to prevent anyone going back in time and forking with high hashpower from some past block, one can have one's "exchange-equivalent" not merely wait some number of blocks before issuing a balance acknowledging receipt of coins but actually go so far as to issue a new checkpoint after the input of coins so that all the coins represented by the tokens are coins from back before the last checkpoint thus coins whose current address on the real blockchain is locked-in against any attempts by high hashpower to "double-spend" them.
'
That is in fact one of the reasons why I issue my tokens ahead of time; I like to ensure that the real coins represented by my tokens are old coins from far back beyond any chance of their being double-spent from under me by some high-hashpower sabotageurs...

I have nothing to do with the fake tokens on SOL I am talking about a real implementation of ability to trade by having trusted persons issue IOUs on platforms like Stellar and presumably actually honour their IOUs.


-MarkM-

IMO sending the coins to some burn address would be better.
Someone creates a token with 13.798 billion NDL in it (max supply of NDL) [or any coin]
Same someone sets up a verifiable burn address for the coin.

If someone else wants to convert their coin to a token they send that amount to a single address and from that single address to the burn address. Then they sign a message from that single address and all that message has is their XLM address (or whatever coin the token was created on) and then the tokens are sent to that address.

Coins are gone forever and the issuer of the tokens has proof.

Or am I missing something? You still have to trust the person who issued the tokens to send to you. Someone with enough programming skill could probably automate it.

-Dave

[markm]

Sounds reasonable.

Some kind of governance would probably be nice too, so that however many tokens never get claimed can eventually be used by the Noodly Civilisation or whatever, something to work with toward building a treasury or even just something with which to finance a Civilisation or a number of player-accounts or whatever so the civilisation can put together some kind of income-source to use to build up the value of the whole shebang.

I was thinking maybe a Noodly civilisation would be a good one to use the Theocracy government-type with even maybe; so far the only Theocracy known of in the Milieu is the E-for-Evil Egyptians assumed to be along the lines of the mind-parasite-controlled Egyptian type theocracies in the "Stargate" mythos.

Since an address, if similar to the original bitcoin addresses, is basically just a public key wrapped in a human-error-catching envelope it would be asy to just assume a public key of all zeros and wrap that to result in an address that passes the typo-catching test/wrapper to form a burn address. Or if all zeros is problemattic somehow maybe all ones. Or if both those are somehow problematic maybe alternative ones and zeroes.

The thing is though, burning assumes the original blockchain isn't going to keep on going?

What if some folk want to just keep on going?

Someday go through the same process with a different burn address to launch for them a token they will then be able to use to trade the leftover coins that for whatever reason they didn't want to move over to the first tokenisation system?

The advantage of simply holding real coins on the real blockchain while using tokens to trade is the tokens can be redeemed back to real coins if desired, and if not all of the thing are minted minting via mining can continue and so on.

Does the daemon tell you how many have so far been minted?

I am curious so as to be able to start estimating how much stuff would be needed in a treasury to provide a given calculated value per coin that has been minted...


-MarkM-

[DaveF]

Burning works for the good of both. The people who stay on the original chain have their coins increase in value since there is less of them in circulation. Those that want to move them someplace else can "swap" them to the token.

There is no way of pulling from the client the amount of coins mined, but according to DNPs explorer that only really updates once in a while there are 13924461067 coins out there. Most of those coins are probably lost at this point.

http://coins.dognose.net:3001/

It's slow to respond at times but it does work.

Should probably look into getting the explorer I had up fixed but lack of time keeps me away from it.

The problem with any kind of "real" governance is that you need people and those people need time to do things no matter how minor they may be. It's going to be tough to find people who are interested and can put in the time.

You just picking it up and running with it makes it easier since it's just you, but puts all the burden on you.

-Dave