[ANN] 42 | Time to Revive 42 Coin - Everyone get in here!!!

[funkenstein]

Just one miners thoughts (i am not good at math by any means so please rip this plan apart if possible lol):
We could have the community grab control of the source (with the devs permision of course) and appoint a trusted main dev/community leader , to apply any changes to the code (doing a majority rules poll on large decisions)   - my vote is for funkenstein, already familiar with the code, and as far as i can tell, 42coins most active supporter currently.
Once in control of the code, do a "re-branding" of sorts, keeping the original chain active for all those currently hoarding (like me lol running on funkenstein's 42-limited wallet or original, whichever wins out.)

Then the community could (if theres enough interested devs) create a re-branded "42coin 2.0". This time having the proper 42 coin limit right from the start. Add low-level POS (say 2-10% max per annum) for the hoarders, and add main-chain AND aux chain capability (so it has the ability to be used as either) for the pool owners/miners, and possibly change from KGW to a different re-targeting scheme (as im unsure if timewarp is still an issue). Basically do it right, from the start.
Or, combine the ideas/chains and make 42coin 2.0 have a max coin limit of 84, (yes higher then the original idea of 42, but still low enough that the original idea of rarity/high value should still hold) to allow for POS and continued POW mining while not splitting into 2 coins.... and keeping the hoarded coins valuable, but drop the block reward to 0.0000042 instead of 0.000042 to extend mining life and to make up for the added POS hoarders.

Im am not a c dev (but know enough about other languages that i could learn quickly if needed) but i can build pools, compile wallet binaries, and build a block explorer.

as i say, i am not a coin dev by anymeans, so i truly dont know if this is a viable option.... but its all i got lol

Heya, thanks for the vote of confidence but I'm really just an observer, and one that is / was misinformed and/or wrong, as you can see by the fact that I was trusting a block explorer when making these claims of "12 hours away &c".   Well lets let that be a lesson to me.  Anybody know for sure what the block height and/or money supply of this coin are? 

I would find it easy to believe I got the math wrong, except that nailonhead and others in this thread previously had the same conclusion as to the magic number of 990382.   I have reason to believe we are at 990213 at the moment so hey presto not 42 yet.  I hope y'all didn't already use all your celebratory materials yet.

Once again, happy 42 y'all --    funkenstein the dwarf

 

[hdmediaservices]

Ok - so we're past 990578.  What is supposed to happen?

[BITDV]

any active nodes??

[hdmediaservices]

Currently mining 42 coin on Hash-to-Coins -- block 990727 now.  Coins transfer to Cryptsy without issue.

[l8nit3]

Heya, thanks for the vote of confidence but I'm really just an observer, and one that is / was misinformed and/or wrong, as you can see by the fact that I was trusting a block explorer when making these claims of "12 hours away &c".   Well lets let that be a lesson to me.  Anybody know for sure what the block height and/or money supply of this coin are? 

I would find it easy to believe I got the math wrong, except that nailonhead and others in this thread previously had the same conclusion as to the magic number of 990382.   I have reason to believe we are at 990213 at the moment so hey presto not 42 yet.  I hope y'all didn't already use all your celebratory materials yet.

Once again, happy 42 y'all --    funkenstein the dwarf

So, my pools currently down (explanation in my pools ANN), but it seems my copy of the "funkenstein" wallet is stuck at 990381

[funkenstein]

So, my pools currently down (explanation in my pools ANN), but it seems my copy of the "funkenstein" wallet is stuck at 990381

Indeed!  Exciting times peeps.  

I have not yet seen a valid block 990382 yet.  

 **OFFER**
I have here 42 real 21million capped original satoshi mainnet bitcoin millies here which I am offering to anyone in exchange for any mining fees generated in block 990382.  I really am that crazy coin collector willing to pay real money for such collectible nonsense.    

Remember, it is the longest chain which obeys the rules which wins and forms the consensus.  It doesn't matter how long Hendocoin gets, one can always mine a block of hard 42.

I notice that the markets seem to have more of a clue what is going on than the miners, even for a coin which only a handful of people care about.  This is not so uncommon in the cryptocurrency business.    

***
Exercises:

Consider the date is block height 14million or so, BTC nearing cap of 21million.  A bunch of nodes just keep mining away on BTC and don't drop the block reward.  What happens?  

[Lovethecoins]

Lots of action in price lately, Has the coin switched hands?

[hdmediaservices]

Lots of action in price lately, Has the coin switched hands?

What does that mean?  Who owns the coin?

[Lovethecoins]

Lots of action in price lately, Has the coin switched hands?

What does that mean?  Who owns the coin?

2btc volume on 3btc marketcap.. Caught my attention

[SEABOND]

Lots of action in price lately, Has the coin switched hands?

What does that mean?  Who owns the coin?

2btc volume on 3btc marketcap.. Caught my attention

The coin belongs to the community now. there will only be 42coins. super rare...

[Hippie Tech]

This thread --> https://bitcointalk.org/index.php?topic=444775.0 claims that the unlimited supply "error" was fixed.

This is obviously not the case..

The whole concept of 42coin is amazing. The rarity, creativeness and uniqueness gives the coin a tremendous potential that no other coin will likely never have. I firmly believe that in a few years it could easily reach the old value of 1,000 BTC. Even that would put the market cap at only 42,000 BTC. Cryptocurrencies will certainly gain popularity as the 1990's and early 2000's generation grows older and overall economy adopts the wide technical knowledge of todays kids.
And I see 42coin fitting right into the place of "diamond of cryptocurrencies".

There is just this one problem which propably all of you know: in five years only 42 42coins in existence won't be the case. Instead, there will be 180 42coins. The code doesn't cap the amount of total possible coins to 42. The whole foundation of the idea isn't there. This will, at worst, kill the coin. If, however the cap was there us current miners and pool owners would have a huge leverage.

There is something we can do to gain back the leverage: hard fork. I know it requires some sacrifices and effort but the benefits will easily be worth it.

Pool owners: You run the original 42coin pools and the future mining power flows to larger pools, your pool being one of them. The future price increase will likely over 10-fold the income made by your pools mining fees.
Miners/pool owners: hold the ridiculously easily earned 42coins now and you end up having a small fortune when the cap is filled. Nothing will limit the value of 42coin if the code gets fixed.


So now I ask you:
Pool owners, are you willing to implement the new version?
Coders, PM me if you're able and willing to make the changes to the code.

Thank you for reading

What part of the code dictates 180 coins?  Are you the first to discover that, or was there someone in the past that brought this up, as its the first I've seen it.  I question your motive as you just joined BCT and made this as your first post, which doesn't make much sense.

If your intentions are not to scam, then accept my apology, but this sounds very much like a scammy power grab trying to take advantage of a otherwise functioning and mature coin.  I only say this because you made the claim that 1) it would increase value 10 fold 2) promised pools they would be successful and make out well with fees 3) claiming miners will have small fortunes after the hardfork

Sorry, my scamdar went off.

See discussion at
https://github.com/fourtytwo42/42/pull/4

You guys have until mid July before you pass 42 coins issued. 
Good luck- 

[hdmediaservices]

We're still mining -- so how is it capped?

[Hippie Tech]

We're still mining -- so how is it capped?

If funkenstein is correct, it is too late.

Regardless, everyone knows that the premine was dumped and that Craptsy rigged the order books/ balances.

https://bitcointalk.org/index.php?topic=246679.msg4651738#msg4651738

This coin is a scam. Do your research.

Do not invest more than you can afford to lose.

gl

[Lovethecoins]

How many coins are created right now?

[funkenstein]

HippieTech, thanks for bringing that thread back into daylight.  

The only thing it is too late for here is a gentle reduction in mining reward towards a supply of 42 as I was suggesting back when I so posted.  

Hendocoin currently has a supply of 42.27 according to

http://42.blockexp.info/  

However, 42capcoin is capped at 42.  I'm not sure if there is even a valid block 990832 yet on that chain, I have a wallet back at the battlestation I can turn on and check later.  

If anyone feels like mining 42capcoin, they can just add that one line of code like my pull request:

https://github.com/funkshelper/42-limited-edition/commit/b007a96adbf77d5b217afd54e9e00e956938800c

and then, hey presto, you'll be mining for no coinbase reward and only fees if any, on that chain.  The way I see it the only people interested in such a chain would be bagholders, who probably tossed them in the landfill long ago    Too bad because it's a lovely doublespend opportunity.   Well, it would be if there were any volume on the coin.  And if there were more volume in the coin, this probably wouldn't be the current situation.  

Note that any on-chain transactions after the 42 was reached on hendocoin are not guaranteed to be included in 42capcoin, and vice versa.  

Review:

On July 25, 42coin was hard forked by 42.

When 42 supply cap was reached at block 990831, 42 coin forked into two coins, one I am calling hendocoin as always producing .000042 per 42 sec ad infinitum.  The other I am calling 42capcoin, produces no coinbase reward (hence, capped) and appears DOA as nobody is mining it, or at least they aren't reporting it here.  If nobody else does I will eventually rent some scrypt and mine block, just for the lulz of course.  





      



 

[sirslayer]

OmG,..... someone said a while back that does bitcointalk.org has an influence on the bitcoin?

  Why do I get a feeling about our 42 coin world is being directed by this post$ here at bitcointalk.org?? I don't understand why a fork that can be left alone haves to be 42 coin demise.. Dont fix it when its was 5.0 bitcoin strong??..  Lol . 42 coin doesn't need a leader , its survives on trust..

[coinmaster222]

Going by Hendos remarks last year this coin should have been forked months ago

[funkenstein]

**passes some mother of berry to sirslayer**

Yeah, I am also a little bit surprised with the total lack of interest in this coin.  Even at 2BTC per, that's 84 BTC here folks.  Not exactly nothing.  And not one person who is a holder is interested in seeing a coin with "only 42 coins to be mined"?   Hard to believe.  Easier to believe that nobody has a clue what coins are or how they work, which is perhaps even more depressing. 

If I had some 42coin, for sure I would be mining on the capped42 chain, declaring so here,  and posting my node's IP address.  I might publish binaries for the wallet and encourage people to join in the fun.  I might also change the version number to make it more clear what is going on but version numbers are just cosmetics.   

As it stands, I am an observer hoping to learn something by watching a hard fork go down.  In fact these things are damn rare in crypto; more people should be paying attention for that reason alone.  My wallet is showing no blocks in 4 days, stuck at block 990381.   



 

[hdmediaservices]

Ok - so what is the big deal?

The coin didn't fork - it continues to be mined and traded. 

Start your other coin separately.

Honestly - do you really think people cared about the whole 42 coin cap thing?  Quite the gimmick, like so many alt coins.

[SEABOND]

**passes some mother of berry to sirslayer**

Yeah, I am also a little bit surprised with the total lack of interest in this coin.  Even at 2BTC per, that's 84 BTC here folks.  Not exactly nothing.  And not one person who is a holder is interested in seeing a coin with "only 42 coins to be mined"?   Hard to believe.  Easier to believe that nobody has a clue what coins are or how they work, which is perhaps even more depressing. 

If I had some 42coin, for sure I would be mining on the capped42 chain, declaring so here,  and posting my node's IP address.  I might publish binaries for the wallet and encourage people to join in the fun.  I might also change the version number to make it more clear what is going on but version numbers are just cosmetics.   

As it stands, I am an observer hoping to learn something by watching a hard fork go down.  In fact these things are damn rare in crypto; more people should be paying attention for that reason alone.  My wallet is showing no blocks in 4 days, stuck at block 990381.   

Funkenstien i dont like the idea of the two coins. I am not sure about what you're up too. 

just fork hendo coin and cap the chain to 420 coins. still rare and 420 is a better name anyway.

Just the idea... let me know what you guys think.

cool fact...hendo user name is hendo420.... 420 referenced hint hint!!!