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Author Topic: [ANNOUNCE] New alternate cryptocurrency - Geist Geld  (Read 66461 times)
Lolcust
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September 09, 2011, 07:13:09 AM
 #1

 UTC 7:13 9.9.2011

-- [Critical] EDIT from now on, all updates dispensed from Geist website and from from Github (sources)--

--Always make sure your config is up to date - GG needs it!--

 
 
Hello everybody !


Ladies and gentlemen, it is that time again - cryptocurrency of the week time!

Has it been too long since the last one started ?

Is it too soon ?

Who knows. Without further ado, I hereby present you, the Geist Geld!

 https://github.com/Lolcust/GeistGeld

Geist Geld is an experimental currency intended to test out the limits of block generation rate empirically, as well as (assuming it does not die due to overly rapid block generation rate) the behavior of a cryptocurrency with (almost) stable generation rate and no upper limit or alteration to supply.

Geist Geld intentionally seeks to trade some decentralization to gain more transaction speed, thus, pools are kindly invited to participate so that centralization would increase somewhat

Now, with your kind permission, some infrequently asked questions

Why not call it "Flaccid Coin" ?

Actually, name is the idea of the person who kept motivating me to go through with the project.
It is not a bad name - it neatly abbreviates to GG or GEG, it sounds sort of cool (all German words do) and most importantly, it does not follow the stale and confusing naming scheme of %random_word%coin (which, quite frankly, makes differentiating between alt-coins quite a chore)

Why did you decide to remove all alterations of production over time ?

It seemed like an interesting thing to try out.

If Bitcoin's approach can be metaphorically compared to mining an (ever decreasing) amount of gold, GeistGeld's approach can be metaphorically compared to "idealized" solar power, when output is stable (barring a few "flares" when a new big pool joins, of course Smiley )

The block rate is too fast !

That's not a question.
However, I see little reason for concern.

See, GG is specifically intended as an experiment for empirically assessing "cryptocurrency" behavior under such conditions. Worst that can happen is that GG fails to deliver, but that is hardly a guaranteed outcome.

Only he who risks is free.

Why are you using Multicoin ?

Multicoin is a project with much potential and wonderful features (Escrow's already there, and more stuff on its way), and using it will allow Geist Geld to be proving ground for new ideas while benefiting from functional richness multicoin has potential to offer. If/when custom features /GUIs etc. will be developed for GG, they will be incorporated into MC (assuming the maintainers agree as to their value) and vice versa.

Generally, it's a streamlined and efficient approach to rolling out a new cryptocurrency, and I hope more BTC forks will use it as a starting point.

Why are you leeching on the Bitcoin community ?

To the contrary, not only am I not leeching, I happen to think that, should GG survive it's launch, it can serve as guinea pig for various optimizations that can be later implemented in Bitcoin (assuming real programmers take interest, of course), thus benefiting community at large.

Also, one of conditions for bounty projects (which GG will traditionally have, stand by for list) will be that they are made open-source, so that everyone can benefit from them

Where is the site?

http://www.geistgeld.org/


Give me windows binaries!

Ok, here http://www.geistgeld.org/getting-started.html
has both a version with a makeshift GUI solution which  runs on windows out of the box and has been constructed from finest opensource portable console and a bunch of exquisite batch files (recommended for windows users) and a raw one, just file and config


Any services ?

Assuming it lives past day 4, there will be exchanges, pools, and a wonderful laundry service that guarantees 100% squeaky clean GeistGeld (mined, no history attached)

What will  happen if the network sustain a block per 15 seconds ?

Geist Geld will push the limit further and up the ante by increasing it to 1 block per 7 seconds (BTW, I expect to also have "message signing" feature implemented in Geist Geld by that time Smiley)

That would probably allow for interesting stuff to take place...

=====ATTENTION! ALL UPDATES NOW GOING FROM THE SITE![/url]=====


Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 07:15:46 AM
 #2

so it's like a virtual virtual currency. You gotta imagine it.  Cheesy

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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September 09, 2011, 07:21:02 AM
 #3

so it's like a virtual virtual currency. You gotta imagine it.  Cheesy

LOL, yeah, was fixing links.

UMPC = not very productive platform 

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 07:26:27 AM
 #4

Lolcust, Is that all you have; Faster block generation?

Nothing innovative, nothing new, nothing interesting?

It looks like you spent more time on the name and your avatar picture than on this currency.
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September 09, 2011, 07:34:43 AM
 #5

Lolcust, Is that all you have; Faster block generation?

Nothing innovative, nothing new, nothing interesting?

It looks like you spent more time on the name and your avatar picture than on this currency.


There's also fixed production, that might or might not have some interesting effects Smiley

Hey, it's not particularly innovative (I doubt you can sincerely use that word in regards to some other alt-currencies as well), but it offers the opportunity to push the limit on how far would block generation rate go, and assuming it doesn't die as result, the effects of fixed production rates.

It also has escrow (with sorta-bearable windows "interface") and will proudly piggyback on Multicoin-exp's upcoming features

Hey, it's an experiment in "how far we can push the block rate" first and foremost

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 07:43:21 AM
 #6

Trying to connect,

PROCCESSMESSAGE MESSAGESTART NOTFOUND.

Windows7 x64

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September 09, 2011, 07:43:25 AM
 #7

I'm running geistd.exe -server from the command line...

Was I supposed to copy the testnet folder and the config file to roaming?

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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September 09, 2011, 07:47:57 AM
 #8

Trying to connect,

PROCCESSMESSAGE MESSAGESTART NOTFOUND.

Windows7 x64

Do you use the "bundle" (It was built on W7 64 BTW ) or raw geistd + config ?

I'm running geistd.exe -server from the command line...

Was I supposed to copy the testnet folder and the config file to roaming?

Yep, standard multicoin procedure.

However it will also nicely behave if you only copy the config (or it should, at least)

You can use the portable bundle on win (link above), it will keep your wallet, config, and GG chain nicely confined in the folder it is run from

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 07:51:07 AM
 #9

Trying to connect,

PROCCESSMESSAGE MESSAGESTART NOTFOUND.

Windows7 x64

Do you use the "bundle" (It was built on W7 64 BTW ) or raw geistd + config ?

I used the bundle.

I'm still fuzzy on how to set it up.  I have it running, my miner pointed torwards localhost:7769

I may be screwing up entirely.

Edit: Switched the port to 8777, but not sure if thats the nmc.

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September 09, 2011, 07:54:08 AM
 #10

Trying to connect,

PROCCESSMESSAGE MESSAGESTART NOTFOUND.

Windows7 x64

Do you use the "bundle" (It was built on W7 64 BTW ) or raw geistd + config ?

I used the bundle.

I'm still fuzzy on how to set it up.  I have it running, my miner pointed torwards localhost:7769

I may be screwing up entirely.



The miner should face RPC port 8777

Oh, and I've just got a kind message from my Russian Proxy's ISP that I best change the port since they love 7769 dearly for some reason

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 07:55:31 AM
 #11

Okay got it.  Thanks.

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September 09, 2011, 08:05:24 AM
 #12

My poor 230 mh/s...

10 accepted 23 rejected.

Yay for low difficulty!

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September 09, 2011, 08:05:44 AM
 #13

Okay, ISP issue resolved. Also, they notified me to odd multicoin behavior, if you get no connections, try adding

portsend=7769

to the config file


REPEAT

If trouble connecting, add "portsend=7769" to the config (w/o quotes)

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 08:14:31 AM
 #14

Okay, ISP issue resolved. Also, they notified me to odd multicoin behavior, if you get no connections, try adding

portsend=7769

to the config file


REPEAT

If trouble connecting, add "portsend=7769" to the config (w/o quotes)

Where exactly am I to put the config file? in the testnet folder in roaming?

███████████████████████████████████████

            ,╓p@@███████@╗╖,           
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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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September 09, 2011, 08:21:08 AM
 #15

Okay, ISP issue resolved. Also, they notified me to odd multicoin behavior, if you get no connections, try adding

portsend=7769

to the config file


REPEAT

If trouble connecting, add "portsend=7769" to the config (w/o quotes)

Where exactly am I to put the config file? in the testnet folder in roaming?

Config file should go to roaming, not to testnet.

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 08:21:37 AM
 #16

7 coins per block?...cool

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 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
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September 09, 2011, 08:24:29 AM
 #17

A bunch of minor tweaks (thank you #multicoin ^__^ ), try out if your UNPNP is no workey or if you have open port (THANK YOU! Cheesy ) but don't get connections

*no longer relevant, links deprecated, see first post*

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

Feed the Lolcust!
NMC: N6YQFkH9Gn9CTm4mpGwuLB5zLzqWTWFw67
BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
GEG: gK5Lx6ypWgr69Gw9yGzE6dsA7kcuCRZRK
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September 09, 2011, 08:28:05 AM
 #18

What is the current difficulty? I have 9.01475. Sound right?

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Lolcust
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September 09, 2011, 08:31:27 AM
 #19

What is the current difficulty? I have 9.01475. Sound right?

Diff is already 13 at this end... looks like the folks are bringing in GPU firepower lol

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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CosicMiner
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September 09, 2011, 08:32:45 AM
 #20

Testing this with 1500 mhash/s
Using the portable client for windows. Is the testnet flags supposed to be 1?
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