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Author Topic: ⚒[CGA] Cryptographic Anomaly - The Elusive Coin⚒  (Read 225327 times)
sublok
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February 17, 2014, 12:36:55 AM
 #1341

I need some one to do escrow between CGA and DGC... anyone know the best way to do so?
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February 17, 2014, 12:57:05 AM
 #1342

Besides as an experiment, I really don't understand the purpose of this coin.  Anyone in finance or economics wants things to be as transparent and predictable as possible in order to make decisions that will cost you your life savings if you guess wrong.  Currency isn't supposed to be unpredictable, it's supposed to be...easily predictable...or nobody will use it. 

I haven't really looked in depth to the functions this coin uses, but it's either just going to be something random that averages out over time, hence making it just a regular litecoin clone, or it will actually be random and unpredictable, meaning terrible to use as a currency.

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kwisatz
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February 17, 2014, 01:36:41 AM
 #1343

Besides as an experiment, I really don't understand the purpose of this coin.  Anyone in finance or economics wants things to be as transparent and predictable as possible in order to make decisions that will cost you your life savings if you guess wrong.  Currency isn't supposed to be unpredictable, it's supposed to be...easily predictable...or nobody will use it. 

I haven't really looked in depth to the functions this coin uses, but it's either just going to be something random that averages out over time, hence making it just a regular litecoin clone, or it will actually be random and unpredictable, meaning terrible to use as a currency.
I can't get the point you are making - the exact amount of new coins generated is unpredictable, not CGA as currency. It has very predictable maximum yearly supply - which will reduce depending on how many people mine it. How much will it reduce cannot be predicted - why? - because we cannot guess upfront when and why people will mine it.
Random and unpredictable is exactly what Bitcoin's price is against fiat currencies - for the same reason - it is the result of the decisions made by many human beings and is not subject to any modelling - does this make you believe that Bitcoin is terrible to use as a currency?
gbomb944
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February 17, 2014, 01:40:06 AM
 #1344

You should put the original logo in the poll for voting along with the others. I like it. It could use a little texturing maybe but overall I like the colors and the pattern. It's good.
Biomech
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February 17, 2014, 01:41:18 AM
 #1345

Besides as an experiment, I really don't understand the purpose of this coin.  Anyone in finance or economics wants things to be as transparent and predictable as possible in order to make decisions that will cost you your life savings if you guess wrong.  Currency isn't supposed to be unpredictable, it's supposed to be...easily predictable...or nobody will use it. 

I haven't really looked in depth to the functions this coin uses, but it's either just going to be something random that averages out over time, hence making it just a regular litecoin clone, or it will actually be random and unpredictable, meaning terrible to use as a currency.

Not necessarily. One of the key attributes of a thing to be used as currency is scarcity. Mining, the analogy all of these alts and BTC itself are based off of, is indeed rather random, arbitrary, and capricious. I used to mine gold as a hobby. Would like to do it again, too. My biggest profit was ONE 1.4 oz nugget. I just plain got lucky on that one. There were weeks where I got dust, and overall I probably lost money on the venture, were it not for that one nugget. But that gold still went into circulation. ONCE THAT HAPPENS, then it's valuable as currency in a general sense. Miners, whether physical or digital, PRODUCE the currency. That they also spend it is somewhat irrelevant to it's utility as a currency.

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awesomeperson451
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February 17, 2014, 01:42:52 AM
 #1346

Besides as an experiment, I really don't understand the purpose of this coin.  Anyone in finance or economics wants things to be as transparent and predictable as possible in order to make decisions that will cost you your life savings if you guess wrong.  Currency isn't supposed to be unpredictable, it's supposed to be...easily predictable...or nobody will use it. 

I haven't really looked in depth to the functions this coin uses, but it's either just going to be something random that averages out over time, hence making it just a regular litecoin clone, or it will actually be random and unpredictable, meaning terrible to use as a currency.

I really want to correct you in depth, but I just took a bunch of melatonin, so time is a factor. Here's the light/badly edited version of what I was going to say:

The coin is predictable in every way that it needs to be in order to be a useful currency. Confirmations will still work as normal, and it's not like there's some sort of weird code in the client that will suddenly just make the market jump around for no reason. The only thing that's changed is the relationship between supply and demand; the more demand the coin gets, the less supply will be distributed to the miners.

There's nothing random about any part of the coin either- at most, you could call it chaotic, but even that's pushing it. Determining whether a block pays out is based upon taking the block number modulo the current difficulty and seeing if the result is between 1 and 0. Yes, the actual result may be difficult or impossible to predict exactly every time, but if you knew anything about the network, you could accurately guess the frequency of non-paying blocks pretty easily.

I hope I got my point across there, because, tbh, at this point I can't even tell if I'm typing coherent sentences at this point. Feel free correct me if I didn't.
brother3
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February 17, 2014, 01:51:41 AM
 #1347

Besides as an experiment, I really don't understand the purpose of this coin.  Anyone in finance or economics wants things to be as transparent and predictable as possible in order to make decisions that will cost you your life savings if you guess wrong.  Currency isn't supposed to be unpredictable, it's supposed to be...easily predictable...or nobody will use it.  

I haven't really looked in depth to the functions this coin uses, but it's either just going to be something random that averages out over time, hence making it just a regular litecoin clone, or it will actually be random and unpredictable, meaning terrible to use as a currency.

Not necessarily. One of the key attributes of a thing to be used as currency is scarcity. Mining, the analogy all of these alts and BTC itself are based off of, is indeed rather random, arbitrary, and capricious. I used to mine gold as a hobby. Would like to do it again, too. My biggest profit was ONE 1.4 oz nugget. I just plain got lucky on that one. There were weeks where I got dust, and overall I probably lost money on the venture, were it not for that one nugget. But that gold still went into circulation. ONCE THAT HAPPENS, then it's valuable as currency in a general sense. Miners, whether physical or digital, PRODUCE the currency. That they also spend it is somewhat irrelevant to it's utility as a currency.


Very well said!


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s4w3d0ff
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February 17, 2014, 01:55:08 AM
 #1348

You should put the original logo in the poll for voting along with the others. I like it. It could use a little texturing maybe but overall I like the colors and the pattern. It's good.

I'm going to make a second poll after this one. It will be the winner of this poll versus the old logo. I should of thought ahead and put the old logo into this poll but it slipped my mind. :/ And yes I can make improvements on it. I kinda "whipped it up" in a few hours. Sorry to whoever wins this poll on the 20th (looking like miner_andy at the moment) but we will give the old logo a chance.

BTC:15D8VaZco22GTLVrFMAehXyif6EGf8GMYV
|⚒|Cryptographic Anomaly|⚒|
s4w3d0ff
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February 17, 2014, 02:00:22 AM
 #1349

Besides as an experiment, I really don't understand the purpose of this coin.  Anyone in finance or economics wants things to be as transparent and predictable as possible in order to make decisions that will cost you your life savings if you guess wrong.  Currency isn't supposed to be unpredictable, it's supposed to be...easily predictable...or nobody will use it.  

I haven't really looked in depth to the functions this coin uses, but it's either just going to be something random that averages out over time, hence making it just a regular litecoin clone, or it will actually be random and unpredictable, meaning terrible to use as a currency.

I really want to correct you in depth, but I just took a bunch of melatonin, so time is a factor. Here's the light/badly edited version of what I was going to say:

The coin is predictable in every way that it needs to be in order to be a useful currency. Confirmations will still work as normal, and it's not like there's some sort of weird code in the client that will suddenly just make the market jump around for no reason. The only thing that's changed is the relationship between supply and demand; the more demand the coin gets, the less supply will be distributed to the miners.

There's nothing random about any part of the coin either- at most, you could call it chaotic, but even that's pushing it. Determining whether a block pays out is based upon taking the block number modulo the current difficulty and seeing if the result is between 1 and 0. Yes, the actual result may be difficult or impossible to predict exactly every time, but if you knew anything about the network, you could accurately guess the frequency of non-paying blocks pretty easily.

I hope I got my point across there, because, tbh, at this point I can't even tell if I'm typing coherent sentences at this point. Feel free correct me if I didn't.

awesomeperson451... You are awesome!

BTC:15D8VaZco22GTLVrFMAehXyif6EGf8GMYV
|⚒|Cryptographic Anomaly|⚒|
sublok
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February 17, 2014, 02:30:49 AM
 #1350

Again is there a working wallet for osx mavricks? Binary on cganomaly.com is for 10.7
s4w3d0ff
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February 17, 2014, 03:24:56 AM
 #1351

Again is there a working wallet for osx mavricks? Binary on cganomaly.com is for 10.7


I'm sorry here it is: http://CGAnomaly.com/downloads/OSX10.9_CGA-1.1.2.2.zip

BTC:15D8VaZco22GTLVrFMAehXyif6EGf8GMYV
|⚒|Cryptographic Anomaly|⚒|
Molitor
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February 17, 2014, 04:35:02 AM
 #1352

Getting in a little late but congratulations to s4wd0ff and cr3w for a job well done, and getting CGA on the first of many exchanges.
s4w3d0ff
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February 17, 2014, 04:46:12 AM
 #1353

Getting in a little late but congratulations to s4wd0ff and cr3w for a job well done, and getting CGA on the first of many exchanges.

Thank you for sticking around even when things looked bad. It should be a smoother ride from here on out.

BTC:15D8VaZco22GTLVrFMAehXyif6EGf8GMYV
|⚒|Cryptographic Anomaly|⚒|
cdboot
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February 17, 2014, 05:55:08 AM
 #1354

need  get CGA on Cryptsy
wzttide
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February 17, 2014, 06:29:16 AM
 #1355

I need some one to do escrow between CGA and DGC... anyone know the best way to do so?
I'll do the escrow if you like. I'm running 2 non-scam pools, sawedoff and others trust me.
s4w3d0ff
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February 17, 2014, 06:43:31 AM
 #1356

I need some one to do escrow between CGA and DGC... anyone know the best way to do so?
I'll do the escrow if you like. I'm running 2 non-scam pools, sawedoff and others trust me.
I will back that!

BTC:15D8VaZco22GTLVrFMAehXyif6EGf8GMYV
|⚒|Cryptographic Anomaly|⚒|
wzttide
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February 17, 2014, 07:36:42 AM
 #1357

Don't forget to vote: https://www.mintpal.com/voting
apuestascoin
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February 17, 2014, 09:37:54 AM
 #1358

Do you have some faucet?

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February 17, 2014, 09:40:40 AM
 #1359

Do you have some faucet?
Not that I know of.
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February 17, 2014, 12:36:44 PM
 #1360

Do you have some faucet?

I started setting one up a few days ago, but never finished it. I'll try to have it done in the next few days.
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